Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $114.60.

Several analysts recently commented on KRMN shares. Royal Bank Of Canada upped their price target on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Piper Sandler upgraded shares of Karman from a “neutral” rating to an “overweight” rating and increased their price target for the company from $110.00 to $127.00 in a report on Friday, March 6th. Citigroup increased their price target on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, March 26th. KeyCorp increased their price target on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th.

Karman Stock Down 4.7%

KRMN stock opened at $62.92 on Friday. The company has a fifty day moving average price of $84.18 and a 200 day moving average price of $83.21. Karman has a 12 month low of $41.29 and a 12 month high of $118.38. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 273.56 and a beta of 0.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 15.29%. The firm had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. Sell-side analysts expect that Karman will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Karman

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman in the 3rd quarter valued at about $29,000. Huntington National Bank purchased a new position in shares of Karman in the 4th quarter valued at about $32,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Karman in the 4th quarter valued at about $32,000.

Karman Company Profile

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.