Karman (NYSE:KRMN) Stock Price Up 7.9% – Still a Buy?

Shares of Karman Holdings Inc. (NYSE:KRMN) were up 7.9% during trading on Thursday . The company traded as high as $87.17 and last traded at $87.4230. Approximately 2,478,038 shares traded hands during trading, an increase of 18% from the average daily volume of 2,101,093 shares. The stock had previously closed at $81.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James Financial restated a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. KeyCorp increased their price target on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating on shares of Karman in a research report on Thursday. Finally, Evercore lifted their price target on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Karman currently has an average rating of “Moderate Buy” and an average price target of $103.33.

Karman Price Performance

The company has a fifty day simple moving average of $90.82 and a two-hundred day simple moving average of $74.52. The stock has a market capitalization of $10.76 billion and a price-to-earnings ratio of 325.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86.

Institutional Investors Weigh In On Karman

A number of large investors have recently bought and sold shares of KRMN. Millennium Management LLC bought a new position in shares of Karman in the first quarter worth about $10,199,000. Goldman Sachs Group Inc. bought a new position in Karman in the 1st quarter valued at approximately $17,371,000. Jane Street Group LLC bought a new position in Karman in the 1st quarter valued at approximately $532,000. Envestnet Asset Management Inc. acquired a new stake in Karman in the second quarter valued at approximately $762,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Karman during the second quarter worth $1,126,000.

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.