Karman Holdings Inc. (NYSE:KRMN) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $117.10.

A number of research firms have recently issued reports on KRMN. KeyCorp boosted 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. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Piper Sandler upgraded shares of Karman from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $127.00 in a report on Friday, March 6th. Citigroup boosted their price target on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a report on Thursday, March 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a report on Friday, March 27th.

Institutional Investors Weigh In On Karman

A number of large investors have recently made changes to their positions in KRMN. GAMMA Investing LLC raised its holdings in shares of Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC grew its position in Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Karman during the third quarter valued at approximately $29,000. Huntington National Bank purchased a new position in Karman during the fourth quarter valued at approximately $32,000. Finally, Kestra Advisory Services LLC purchased a new position in Karman during the fourth quarter valued at approximately $32,000.

Karman Trading Up 2.7%

Karman stock opened at $90.20 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 693.92 and a beta of 2.58. Karman has a 1 year low of $31.64 and a 1 year high of $118.38. The firm’s 50 day moving average price is $90.50 and its two-hundred day moving average price is $83.97.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.15%. The firm had revenue of $134.49 million for the quarter. The business’s revenue for the quarter was up 47.5% compared to the same quarter last year.

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.