Karman (NYSE:KRMN) Earns Sell Rating from Analysts at BWS Financial

BWS Financial started coverage on shares of Karman (NYSE:KRMN) in a research note issued to investors on Monday morning, Marketbeat.com reports. The firm issued a sell rating and a $37.00 target price on the stock.

A number of other research analysts have also weighed in on the company. Citigroup started coverage on Karman in a research report on Thursday, December 11th. They set a “buy” rating and a $84.00 price objective for the company. KeyCorp began coverage on Karman in a report on Thursday, December 18th. They set an “overweight” rating and a $80.00 price target for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Royal Bank Of Canada cut their price objective on shares of Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Finally, Truist Financial set a $118.00 target price on shares of Karman in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Karman currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Karman Stock Up 0.4%

Shares of Karman stock opened at $107.89 on Monday. Karman has a 1 year low of $25.02 and a 1 year high of $109.87. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. The company has a 50-day moving average of $73.48 and a 200 day moving average of $65.66. The firm has a market cap of $14.28 billion and a price-to-earnings ratio of 431.57.

Karman (NYSE:KRMN) last announced its earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. Karman had a net margin of 2.65% and a return on equity of 11.11%. The business had revenue of $121.79 million during the quarter. During the same period in the prior year, the business posted $0.04 EPS. Karman’s revenue for the quarter was up 41.7% on a year-over-year basis.

Insider Buying and Selling

In related news, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.63, for a total value of $6,742,450.00. Following the sale, the chief financial officer owned 859,709 shares in the company, valued at approximately $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the sale, the insider owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 251,000 shares of company stock worth $15,419,170.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KRMN. Lexington Partners L.P. purchased a new stake in shares of Karman during the 3rd quarter valued at about $319,861,000. Vanguard Group Inc. increased its holdings in Karman by 99.0% during the third quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company’s stock valued at $268,633,000 after buying an additional 1,851,394 shares during the last quarter. Donaldson Capital Management LLC bought a new position in Karman in the third quarter worth approximately $252,803,000. Invesco Ltd. boosted its stake in shares of Karman by 68.6% during the 3rd quarter. Invesco Ltd. now owns 3,211,187 shares of the company’s stock worth $231,848,000 after acquiring an additional 1,306,135 shares during the last quarter. Finally, Bamco Inc. NY grew its position in shares of Karman by 0.6% during the 2nd quarter. Bamco Inc. NY now owns 2,415,134 shares of the company’s stock valued at $121,650,000 after acquiring an additional 14,486 shares during the period.

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.