Karman (NYSE:KRMN) Now Covered by Analysts at Needham & Company LLC

Investment analysts at Needham & Company LLC began coverage on shares of Karman (NYSE:KRMN) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $125.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 26.50% from the stock’s current price.

Several other equities research analysts have also recently commented on KRMN. Royal Bank Of Canada boosted their price target on shares of Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. BWS Financial reiterated a “sell” rating and issued a $37.00 price objective on shares of Karman in a report on Thursday, January 22nd. Citigroup reiterated a “buy” rating on shares of Karman in a research note on Thursday, February 19th. Piper Sandler upgraded shares of Karman from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $110.00 to $127.00 in a research note on Friday, March 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $108.40.

Karman Stock Down 0.2%

Shares of KRMN traded down $0.17 during mid-day trading on Friday, reaching $98.81. 310,621 shares of the stock traded hands, compared to its average volume of 2,170,770. Karman has a 12-month low of $25.02 and a 12-month high of $118.38. The stock has a fifty day simple moving average of $96.44 and a 200 day simple moving average of $78.82. 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 firm has a market cap of $13.07 billion and a price-to-earnings ratio of 395.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KRMN. Invesco Ltd. lifted its stake in Karman by 27.3% during the fourth quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock worth $299,166,000 after purchasing an additional 877,462 shares during the last quarter. Vident Advisory LLC purchased a new position in Karman in the fourth quarter valued at approximately $14,579,000. VARCOV Co. acquired a new stake in Karman during the fourth quarter worth approximately $485,000. Polymer Capital Management US LLC purchased a new stake in shares of Karman during the 4th quarter worth approximately $569,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Karman during the 4th quarter worth approximately $241,000.

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.