Karman (NYSE:KRMN) Reaches New 1-Year Low – Time to Sell?

Shares of Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week low during trading on Tuesday. The stock traded as low as $30.51 and last traded at $30.7720, with a volume of 283,094 shares changing hands. The stock had previously closed at $31.88.

Analysts Set New Price Targets

A number of brokerages recently commented on KRMN. BWS Financial reiterated a “sell” rating and issued a $37.00 target price on shares of Karman in a research report on Monday, August 10th. Citigroup boosted their target price on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Royal Bank Of Canada reduced their price target on Karman from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. Finally, Piper Sandler restated an “overweight” rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Karman Stock Down 5.0%

The firm has a market cap of $4.02 billion, a PE ratio of 104.49 and a beta of 0.64. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The company’s 50-day simple moving average is $43.24 and its two-hundred day simple moving average is $55.26.

Karman (NYSE:KRMN) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $182.06 million for the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. Karman’s revenue was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Karman news, Director David Stinnett acquired 27,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the transaction, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. This represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.77% of the company’s stock.

Hedge Funds Weigh In On Karman

Several hedge funds and other institutional investors have recently modified their holdings of KRMN. Falcon Wealth Planning purchased a new stake in Karman in the first quarter worth about $205,684,000. Rokos Capital Management LLP bought a new stake in Karman during the 1st quarter valued at approximately $35,261,000. Wellington Management Group LLP purchased a new position in shares of Karman during the 2nd quarter worth approximately $16,086,000. Ranger Investment Management L.P. purchased a new position in shares of Karman during the 2nd quarter worth approximately $13,902,000. Finally, Bank of America Corp DE raised its position in shares of Karman by 123.8% in the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock worth $36,785,000 after acquiring an additional 254,161 shares in the last quarter.

Karman Company Profile

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.