Karman Holdings Inc. (NYSE:KRMN) Receives $103.33 Consensus Target Price from Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $103.3333.

A number of equities research analysts recently commented on the company. BWS Financial reiterated a “sell” rating and issued a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating on shares of Karman in a report on Thursday, February 19th. Piper Sandler began coverage on shares of Karman in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price target on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th.

Institutional Trading of Karman

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Karman by 151.1% during the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after purchasing an additional 5,621,556 shares during the period. Lexington Partners L.P. acquired a new stake in Karman in the third quarter valued at approximately $319,861,000. Invesco Ltd. raised its stake in shares of Karman by 27.3% during the fourth quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock valued at $299,166,000 after purchasing an additional 877,462 shares during the period. Donaldson Capital Management LLC purchased a new position in shares of Karman in the third quarter valued at $252,803,000. Finally, State Street Corp boosted its stake in shares of Karman by 35.0% in the fourth quarter. State Street Corp now owns 3,326,430 shares of the company’s stock valued at $243,395,000 after purchasing an additional 862,089 shares during the period.

Karman Price Performance

NYSE:KRMN opened at $87.98 on Tuesday. Karman has a 52 week low of $25.02 and a 52 week high of $118.38. The business’s 50-day simple moving average is $92.50 and its two-hundred day simple moving average is $76.00. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The stock has a market cap of $11.64 billion and a PE ratio of 351.92.

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.