Karman (NYSE:KRMN) Reaches New 52-Week Low – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week low during trading on Wednesday . The company traded as low as $38.18 and last traded at $37.44, with a volume of 140425 shares traded. The stock had previously closed at $39.69.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KRMN shares. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. KeyCorp decreased their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. BWS Financial restated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Monday, August 10th. Citigroup boosted their target price on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Needham & Company LLC reduced their price target on shares of Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $92.10.

Karman Stock Performance

The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 126.76 and a beta of 0.47. The company has a 50-day moving average of $50.57 and a 200-day moving average of $65.75.

Karman (NYSE:KRMN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. The business’s revenue for the quarter was up 58.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities research analysts forecast that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Karman

A number of institutional investors have recently modified their holdings of the business. AustralianSuper Pty Ltd bought a new position in shares of Karman in the fourth quarter valued at approximately $33,679,000. Grandeur Peak Global Advisors LLC raised its holdings in Karman by 98.4% during the second quarter. Grandeur Peak Global Advisors LLC now owns 59,025 shares of the company’s stock worth $2,947,000 after purchasing an additional 29,281 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Karman by 81.1% in the first quarter. Dimensional Fund Advisors LP now owns 47,381 shares of the company’s stock worth $3,793,000 after purchasing an additional 21,224 shares during the period. Freemont Management S.A. acquired a new stake in Karman in the first quarter worth approximately $2,177,000. Finally, Amundi boosted its stake in Karman by 44.6% during the 1st quarter. Amundi now owns 512,231 shares of the company’s stock valued at $41,004,000 after purchasing an additional 158,068 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.