Karman Holdings Inc. (NYSE:KRMN) Receives $105.60 Consensus PT from Brokerages

Karman Holdings Inc. (NYSE:KRMN) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $105.60.

Several equities analysts have commented on KRMN shares. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Monday, May 18th. Citigroup lowered their price target on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Piper Sandler lowered their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Finally, Evercore set a $100.00 price target on Karman in a research report on Wednesday, May 13th.

Karman Stock Performance

Shares of Karman stock opened at $49.56 on Thursday. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $6.57 billion, a P/E ratio of 215.47 and a beta of 0.33. The business has a fifty day simple moving average of $70.86 and a two-hundred day simple moving average of $81.54. Karman has a 12 month low of $43.49 and a 12 month high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, equities analysts forecast that Karman will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Karman

Several large investors have recently modified their holdings of the stock. Rakuten Securities Inc. raised its position in shares of Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. FIL Ltd raised its position in shares of Karman by 0.6% in the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock worth $1,908,000 after purchasing an additional 155 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Barclays PLC raised its position in shares of Karman by 2.2% in the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after purchasing an additional 273 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after purchasing an additional 297 shares during the last quarter.

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.