Karman (NYSE:KRMN) Trading 7.4% Higher – Time to Buy?

Karman Holdings Inc. (NYSE:KRMN)’s share price rose 7.4% during trading on Tuesday . The company traded as high as $49.65 and last traded at $50.5660. 203,477 shares changed hands during trading, a decline of 92% from the average session volume of 2,434,151 shares. The stock had previously closed at $47.10.

Analysts Set New Price Targets

KRMN has been the subject of several analyst reports. Piper Sandler decreased their target price on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Monday, May 18th. KeyCorp reduced their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Finally, Evercore set a $100.00 price target on shares of Karman in a report on Wednesday, May 13th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $105.60.

Karman Stock Up 5.8%

The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 216.89 and a beta of 0.33. The firm’s fifty day simple moving average is $59.80 and its 200 day simple moving average is $79.82.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business’s revenue was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, sell-side analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Karman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd acquired a new stake in Karman in the 4th quarter valued at approximately $33,679,000. UBS Group AG lifted its stake in Karman by 103.7% in the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after acquiring an additional 471,894 shares in the last quarter. Congress Asset Management Co. acquired a new position in Karman during the 4th quarter worth approximately $24,212,000. Aubrey Capital Management Ltd bought a new position in shares of Karman during the 4th quarter worth approximately $3,687,000. Finally, Mass General Brigham Inc bought a new position in shares of Karman during the 4th quarter worth approximately $114,295,000.

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.