Karman (NYSE:KRMN) Shares Down 6.9% – Should You Sell?

Karman Holdings Inc. (NYSE:KRMN)’s stock price fell 6.9% during mid-day trading on Monday . The stock traded as low as $46.09 and last traded at $46.9180. Approximately 483,725 shares were traded during trading, a decline of 80% from the average session volume of 2,420,537 shares. The stock had previously closed at $50.37.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KRMN shares. Citigroup decreased their price target on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Evercore set a $100.00 target price on Karman in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Karman in a research report on Tuesday, June 2nd. BWS Financial restated a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Monday, May 18th. Finally, KeyCorp reduced their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.60.

Karman Stock Down 3.3%

The business’s 50-day simple moving average is $64.75 and its 200 day simple moving average is $80.62. The firm has a market cap of $6.46 billion, a PE ratio of 212.31 and a beta of 0.33. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company’s quarterly revenue was up 51.0% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KRMN. BankChampaign National Association bought a new position in shares of Karman in the 1st quarter worth $254,000. Bank of America Corp DE boosted its position in Karman by 123.8% during the first quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock valued at $36,785,000 after purchasing an additional 254,161 shares in the last quarter. Amundi grew its stake in Karman by 44.6% in the first quarter. Amundi now owns 512,231 shares of the company’s stock valued at $41,004,000 after purchasing an additional 158,068 shares during the last quarter. California State Teachers Retirement System raised its holdings in Karman by 23.4% in the first quarter. California State Teachers Retirement System now owns 61,105 shares of the company’s stock worth $4,891,000 after purchasing an additional 11,597 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Karman by 17.9% in the first quarter. Royal Bank of Canada now owns 101,236 shares of the company’s stock worth $8,104,000 after purchasing an additional 15,357 shares in the last quarter.

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.