Brokerages Set Karman Holdings Inc. (NYSE:KRMN) Price Target at $92.10

Karman Holdings Inc. (NYSE:KRMN) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $89.4545.

Several research firms have recently commented on KRMN. Citigroup increased their price target on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price objective (down from $114.00) on shares of Karman in a report on Friday, August 7th. BWS Financial reiterated a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Royal Bank Of Canada lowered their target price on Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Finally, Truist Financial dropped their target price on Karman from $118.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 13th.

Karman Stock Up 1.8%

Shares of NYSE KRMN opened at $35.90 on Friday. The firm’s 50-day simple moving average is $47.83 and its 200 day simple moving average is $63.14. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 123.78 and a beta of 0.47. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. Karman has a 12-month low of $33.99 and a 12-month high of $118.38.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating 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 firm had revenue of $182.06 million during the quarter. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s revenue was up 58.2% compared to the same quarter last year. On average, research analysts expect that Karman will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David Stinnett acquired 27,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the transaction, the director directly owned 3,530,395 shares in the company, valued at $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. HBK Investments L P acquired a new stake in shares of Karman during the 2nd quarter worth approximately $998,000. Tidal Investments LLC lifted its holdings in Karman by 78.1% in the second quarter. Tidal Investments LLC now owns 29,199 shares of the company’s stock valued at $1,458,000 after buying an additional 12,807 shares during the period. Engineers Gate Manager LP bought a new position in Karman in the second quarter valued at approximately $470,000. NewEdge Advisors LLC boosted its stake in Karman by 163.3% in the second quarter. NewEdge Advisors LLC now owns 3,112 shares of the company’s stock valued at $155,000 after acquiring an additional 1,930 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Karman by 13.2% during the 2nd quarter. Arizona State Retirement System now owns 16,456 shares of the company’s stock worth $821,000 after acquiring an additional 1,915 shares during the period.

Trending Headlines about Karman

Here are the key news stories impacting Karman this week:

• Positive Sentiment: Three Karman directors recently reported stock purchases, signaling confidence in the company’s valuation after the selloff. Director David Stinnett bought 27,000 shares worth approximately $1.01 million, while Stephen Twitty acquired 275 shares for about $10,117. Karman Holdings Insider Trio Makes Bold Moves With Fresh Stock Buys
• Positive Sentiment: Guggenheim upgraded Karman to “Strong Buy,” adding bullish analyst support and potentially improving investor sentiment.
• Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” consensus recommendation, suggesting analysts generally view the recent weakness as an opportunity rather than a deterioration in the business outlook. Karman Holdings Given Consensus Recommendation of Moderate Buy
• Neutral Sentiment: The insider purchases were made near $37 per share and increase the directors’ holdings, but insider transactions alone do not guarantee improved operating results or a sustained recovery.
• Negative Sentiment: KRMN was included among mid-cap industrial stocks with the weakest momentum grades, reflecting continued technical weakness. The shares remain well below their 50-day and 200-day moving averages and close to their 52-week low.
• Negative Sentiment: The stock’s valuation remains demanding, with a price-to-earnings ratio above 120, which could limit upside if earnings growth does not justify the premium.

Karman Company Profile

Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.

The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.

Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.