Karman (NYSE:KRMN) Shares Gap Down – Here’s Why

Karman Holdings Inc. (NYSE:KRMN) shares gapped down before the market opened on Wednesday . The stock had previously closed at $62.48, but opened at $56.74. Karman shares last traded at $58.7030, with a volume of 890,317 shares.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Royal Bank Of Canada upped their price objective on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. KeyCorp upped their price objective on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Robert W. Baird boosted their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Finally, BWS Financial reissued a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.60.

Karman Trading Up 2.8%

The stock has a market cap of $8.51 billion, a P/E ratio of 494.01 and a beta of 0.68. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $85.91 and a two-hundred day moving average price of $83.58.

Karman (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $151.21 million for the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. On average, research analysts expect that Karman Holdings Inc. will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Karman

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the 3rd quarter valued at $29,000. Huntington National Bank bought a new position in Karman in the 4th quarter valued at $32,000. Finally, Kestra Advisory Services LLC bought a new position in Karman in the 4th quarter valued at $32,000.

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.