Karman Holdings Inc. (NYSE:KRMN) Receives Average Recommendation of “Moderate Buy” from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $92.10.

A number of brokerages have recently commented on KRMN. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Royal Bank Of Canada cut their target price on Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Truist Financial cut their price objective on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Finally, BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a report on Monday, August 10th.

Hedge Funds Weigh In On Karman

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after buying an additional 347 shares during the last quarter. CX Institutional bought a new position in shares of Karman in the 2nd quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman during the 3rd quarter worth about $29,000. Huntington National Bank acquired a new position in shares of Karman during the 4th quarter worth about $32,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Karman in the 4th quarter valued at about $32,000.

Karman Stock Performance

Shares of KRMN stock opened at $61.57 on Tuesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. Karman has a 52 week low of $43.68 and a 52 week high of $118.38. The company’s 50 day moving average price is $50.99 and its two-hundred day moving average price is $70.90. The company has a market capitalization of $8.16 billion, a P/E ratio of 212.32 and a beta of 0.56.

Karman (NYSE:KRMN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. The firm’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. On average, analysts expect that Karman will post 0.58 earnings per share for the current fiscal year.

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.