Karman (NYSE:KRMN) Shares Gap Down – What’s Next?

Karman Holdings Inc. (NYSE:KRMN)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $62.48, but opened at $56.74. Karman shares last traded at $58.7030, with a volume of 890,317 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. KeyCorp increased their price target on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price target on shares of Karman in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $114.60.

Karman Stock Up 2.8%

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 stock has a market capitalization of $8.51 billion, a PE ratio of 494.01 and a beta of 0.68. The business has a 50 day moving average of $85.91 and a two-hundred day moving average of $83.58.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. Analysts predict that Karman Holdings Inc. will post 0.61 EPS for the current year.

Institutional Investors Weigh In On Karman

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Karman in the third quarter valued at about $29,000. Kestra Advisory Services LLC purchased a new stake in Karman in the fourth quarter valued at about $32,000. Finally, Huntington National Bank purchased a new stake in Karman in the fourth quarter valued at about $32,000.

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.