Karman Holdings Inc. (NYSE:KRMN) Receives $80.43 Consensus Target Price from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been given an average rating of “Buy” by the ten research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $80.4286.

KRMN has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Citigroup assumed coverage on shares of Karman in a research report on Thursday, December 11th. They set a “buy” rating and a $84.00 price objective for the company. KeyCorp assumed coverage on shares of Karman in a report on Thursday, December 18th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, Truist Financial initiated coverage on shares of Karman in a research note on Friday, October 10th. They set a “buy” rating and a $89.00 target price for the company.

Karman Stock Performance

Shares of KRMN stock opened at $91.61 on Monday. The company has a fifty day moving average price of $71.31 and a two-hundred day moving average price of $63.67. Karman has a one year low of $25.02 and a one year high of $94.18. The stock has a market cap of $12.12 billion and a P/E ratio of 366.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Karman (NYSE:KRMN) last issued its earnings results on Friday, November 7th. The company reported $0.10 earnings per share (EPS) 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 company had revenue of $121.79 million for the quarter. During the same period in the previous year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year.

Insider Activity at Karman

In related news, COO Jonathan Beaudoin sold 74,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the transaction, the chief operating officer directly owned 666,861 shares of the company’s stock, valued at approximately $42,472,377.09. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 504,939 shares of the company’s stock, valued at $32,280,750.27. This represents a 10.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 251,000 shares of company stock worth $15,419,170.

Institutional Trading of Karman

A number of institutional investors have recently modified their holdings of KRMN. Lexington Partners L.P. bought a new position in shares of Karman in the third quarter worth $319,861,000. Donaldson Capital Management LLC acquired a new stake in Karman during the third quarter worth about $252,803,000. Schusterman Interests LLC acquired a new stake in Karman during the third quarter worth about $148,024,000. Vanguard Group Inc. increased its holdings in Karman by 99.0% in the 3rd 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 period. Finally, First Trust Advisors LP raised its position in shares of Karman by 2,745.0% in the 3rd quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after buying an additional 1,809,284 shares in the last quarter.

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.