Karman Holdings Inc. (NYSE:KRMN) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $87.33.

A number of research firms have weighed in on KRMN. Guggenheim started coverage on shares of Karman in a research report on Monday, September 14th. They set a “buy” rating and a $63.00 target price for the company. BWS Financial restated a “sell” rating and set a $37.00 price target on shares of Karman in a report on Monday, August 10th. Royal Bank Of Canada lowered their price target on Karman from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Barclays began coverage on Karman in a research note on Friday. They issued an “overweight” rating and a $79.00 price objective on the stock. Finally, Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday.

Karman Price Performance

Shares of Karman stock opened at $32.77 on Wednesday. The firm has a fifty day simple moving average of $43.61 and a 200-day simple moving average of $55.76. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. Karman has a 1-year low of $30.87 and a 1-year high of $118.38. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 112.99 and a beta of 0.64.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The business had revenue of $182.06 million during the quarter. During the same period in the prior year, the company posted $0.10 earnings per share. Karman’s quarterly revenue was up 58.2% on a year-over-year basis. On average, sell-side analysts expect that Karman will post 0.59 earnings per share for the current year.

Insiders Place Their Bets

In other Karman news, Director David Stinnett bought 27,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were purchased at an average price of $37.32 per share, with a total value of $1,007,640.00. Following the acquisition, the director directly owned 3,530,395 shares of the company’s stock, valued at $131,754,341.40. This represents a 0.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KRMN. GK Wealth Management LLC bought a new stake in shares of Karman in the third quarter valued at about $65,000. Legacy Wealth Asset Management LLC grew its position in Karman by 83.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 7,374 shares of the company’s stock worth $239,000 after buying an additional 3,361 shares in the last quarter. Congress Asset Management Co. increased its stake in Karman by 23.8% during the third quarter. Congress Asset Management Co. now owns 1,068,811 shares of the company’s stock valued at $34,651,000 after acquiring an additional 205,503 shares during the period. Moody National Bank Trust Division bought a new position in Karman during the third quarter valued at about $537,000. Finally, HBK Investments L P bought a new position in Karman during the second quarter valued at about $998,000.

About Karman

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.