BWS Financial Reaffirms Sell Rating for Karman (NYSE:KRMN)

Karman (NYSE:KRMN)‘s stock had its “sell” rating reiterated by stock analysts at BWS Financial in a report released on Monday,Benzinga reports. They currently have a $37.00 target price on the stock. BWS Financial’s price objective indicates a potential downside of 37.02% from the stock’s current price.

A number of other analysts also recently commented on the company. Evercore set a $100.00 price target on Karman in a research report on Wednesday, May 13th. Royal Bank Of Canada cut their price objective on Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. Needham & Company LLC reduced their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday. Finally, Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.20.

Karman Stock Up 0.9%

KRMN stock opened at $58.75 on Monday. The firm has a market capitalization of $7.79 billion, a PE ratio of 202.59 and a beta of 0.56. The stock’s 50 day moving average is $49.86 and its 200-day moving average is $72.89. Karman has a twelve month low of $43.68 and a twelve month high of $118.38. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01.

Karman (NYSE:KRMN) last posted its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The firm had revenue of $182.06 million during the quarter. During the same quarter in the previous year, the company earned $0.10 EPS. The business’s revenue was up 58.2% compared to the same quarter last year. Sell-side analysts expect that Karman will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings 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 during the period. CX Institutional purchased a new position in shares of Karman during the 2nd quarter valued at $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Karman during the 3rd quarter worth $29,000. Huntington National Bank bought a new position in shares of Karman during the 4th quarter worth $32,000. Finally, Kestra Advisory Services LLC purchased a new stake in Karman in the 4th quarter worth about $32,000.

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.