Karman Holdings Inc. (NYSE:KRMN) Receives Average Rating of “Moderate Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $103.50.

Several analysts have recently issued reports on the company. Evercore set a $100.00 price objective on Karman in a research note on Wednesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Karman in a research report on Tuesday, June 2nd. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. 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. Finally, Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th.

Karman Stock Up 4.1%

KRMN stock opened at $49.55 on Friday. The firm has a market cap of $6.57 billion, a PE ratio of 215.44 and a beta of 0.51. Karman has a 12 month low of $43.68 and a 12 month high of $118.38. The firm has a 50 day simple moving average of $52.60 and a 200 day simple moving average of $76.84. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38.

Karman (NYSE:KRMN) last announced 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 return on equity of 14.94% and a net margin of 5.73%.The business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same period in the prior year, the business posted $0.05 earnings per share. Karman’s revenue was up 51.0% compared to the same quarter last year. Equities research analysts forecast that Karman will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KRMN. Vanguard Group Inc. lifted its stake in Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Falcon Wealth Planning purchased a new position in shares of Karman during the first quarter worth approximately $205,684,000. Schusterman Interests LLC purchased a new position in shares of Karman during the third quarter worth approximately $148,024,000. Trustees of the University of Pennsylvania acquired a new position in shares of Karman in the 4th quarter valued at $142,869,000. Finally, Van ECK Associates Corp raised its position in Karman by 125.3% in the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock valued at $209,806,000 after purchasing an additional 1,594,518 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.