Karman (NYSE:KRMN) Price Target Raised to $135.00 at Robert W. Baird

Karman (NYSE:KRMN) had its price objective hoisted by Robert W. Baird from $115.00 to $135.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. BWS Financial reaffirmed a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. Truist Financial set a $118.00 price target on Karman in a report on Friday, January 9th. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $110.00 to $127.00 in a research note on Friday, March 6th. Needham & Company LLC began coverage on shares of Karman in a report on Friday, March 13th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating on shares of Karman in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.90.

Karman Stock Performance

Shares of KRMN opened at $99.31 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The firm has a market cap of $13.14 billion and a PE ratio of 397.25. Karman has a 12 month low of $25.02 and a 12 month high of $118.38. The stock has a fifty day moving average price of $97.73 and a 200-day moving average price of $80.83.

Institutional Trading of Karman

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after acquiring an additional 5,621,556 shares during the period. Lexington Partners L.P. purchased a new stake in Karman in the 3rd quarter worth approximately $319,861,000. Donaldson Capital Management LLC acquired a new stake in shares of Karman during the 3rd quarter worth approximately $252,803,000. Schusterman Interests LLC purchased a new position in shares of Karman during the 3rd quarter valued at approximately $148,024,000. Finally, Trustees of the University of Pennsylvania purchased a new position in shares of Karman during the 4th quarter valued at approximately $142,869,000.

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.