Karman (NYSE:KRMN) Stock Price Down 7.3% – What’s Next?

Karman Holdings Inc. (NYSE:KRMN) was down 7.3% during mid-day trading on Monday . The company traded as low as $54.00 and last traded at $53.2750. Approximately 1,125,308 shares changed hands during trading, a decline of 49% from the average daily volume of 2,185,691 shares. The stock had previously closed at $57.50.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KRMN shares. BWS Financial restated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Monday, May 18th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Evercore set a $100.00 target price on shares of Karman in a research note on Wednesday, May 13th. KeyCorp cut their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Piper Sandler cut their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Karman currently has an average rating of “Moderate Buy” and an average target price of $108.10.

Karman Trading Down 6.7%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The stock has a market capitalization of $7.11 billion, a P/E ratio of 234.17 and a beta of 0.33. The firm’s fifty day simple moving average is $76.51 and its 200 day simple moving average is $81.97.

Karman (NYSE:KRMN) last released its 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 14.94%. The firm had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same period last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. As a group, equities research analysts forecast that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Karman

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 buying an additional 170 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the 3rd quarter valued at about $29,000. Huntington National Bank bought a new position in Karman in the 4th quarter valued at about $32,000. Finally, Kestra Advisory Services LLC bought a new position in Karman in the 4th quarter valued at about $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.