Karman (NYSE:KRMN) Shares Gap Down – Time to Sell?

Karman Holdings Inc. (NYSE:KRMN) shares gapped down before the market opened on Friday . The stock had previously closed at $65.86, but opened at $61.60. Karman shares last traded at $60.4130, with a volume of 2,993,581 shares changing hands.

Wall Street Analysts Forecast Growth

KRMN has been the subject of a number of research analyst reports. Citigroup reduced their target price on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, May 18th. KeyCorp dropped their target price on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Robert W. Baird raised their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Piper Sandler lowered their price objective on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Finally, Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.10.

Karman Trading Down 12.1%

The stock has a market cap of $7.67 billion, a PE ratio of 251.57 and a beta of 0.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company’s 50-day moving average price is $77.38 and its 200 day moving average price is $82.07.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. On average, sell-side analysts forecast that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Institutional Trading of Karman

Several institutional investors have recently added to or reduced their stakes in KRMN. AustralianSuper Pty Ltd purchased a new position in Karman in the fourth quarter valued at $33,679,000. Robert Wood Johnson Foundation purchased a new position in Karman in the third quarter valued at $70,488,000. Congress Asset Management Co. purchased a new position in Karman in the fourth quarter valued at $24,212,000. UBS Group AG increased its holdings in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after buying an additional 471,894 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in Karman in the third quarter valued at $2,055,000.

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.