Karman (NYSE:KRMN) Shares Gap Up – Time to Buy?

Karman Holdings Inc. (NYSE:KRMN)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $45.83, but opened at $48.49. Karman shares last traded at $50.1710, with a volume of 551,989 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRMN shares. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Citigroup cut their target price on shares of Karman from $97.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. KeyCorp lowered their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Piper Sandler dropped their price objective on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.50.

Karman Stock Up 10.2%

The firm has a 50-day moving average price of $54.76 and a two-hundred day moving average price of $78.26. The company has a market capitalization of $6.70 billion, a P/E ratio of 219.67 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KRMN. AustralianSuper Pty Ltd bought a new position in Karman during the 4th quarter valued at about $33,679,000. UBS Group AG boosted its position in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after buying an additional 471,894 shares in the last quarter. Congress Asset Management Co. bought a new stake in Karman during the fourth quarter worth about $24,212,000. Aubrey Capital Management Ltd bought a new stake in Karman during the fourth quarter worth about $3,687,000. Finally, Mass General Brigham Inc acquired a new stake in shares of Karman during the fourth quarter worth approximately $114,295,000.

About Karman

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.