Karman’s (KRMN) Overweight Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Karman (NYSE:KRMN) in a research report report published on Friday,Benzinga reports. Piper Sandler currently has a $91.00 target price on the stock, down from their previous target price of $114.00.

A number of other equities analysts also recently commented on the stock. Citigroup lowered their target price on shares of Karman from $97.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a report on Monday, May 18th. Royal Bank Of Canada lowered their price objective on Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. Finally, KeyCorp lowered their price target on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.20.

Karman Trading Up 0.9%

NYSE KRMN opened at $58.75 on Friday. 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 52 week low of $43.68 and a 52 week high of $118.38. The stock has a market capitalization of $7.79 billion, a PE ratio of 202.59 and a beta of 0.56. The firm has a 50 day moving average of $49.86 and a two-hundred day moving average of $72.89.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company had revenue of $182.06 million for the quarter. During the same period in the prior year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, research analysts expect that Karman will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

Several large investors have recently modified their holdings of KRMN. EverSource Wealth Advisors LLC increased its holdings in shares of Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Karman during the fourth quarter worth about $32,000. Huntington National Bank purchased a new position in shares of Karman during the fourth quarter worth about $32,000. Finally, Los Angeles Capital Management LLC acquired a new position in Karman in the 4th quarter valued at about $35,000.

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.