Karman (NYSE:KRMN) Shares Up 8.7% – Time to Buy?

Karman Holdings Inc. (NYSE:KRMN)’s stock price traded up 8.7% during trading on Thursday . The stock traded as high as $69.72 and last traded at $70.5750. 194,078 shares were traded during trading, a decline of 85% from the average session volume of 1,320,493 shares. The stock had previously closed at $64.94.

Analysts Set New Price Targets

Several analysts recently issued reports on KRMN shares. Raymond James Financial started coverage on Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 target price on the stock. Evercore ISI lifted their price target on shares of Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Citigroup assumed coverage on shares of Karman in a report on Thursday, December 11th. They issued a “buy” rating and a $84.00 price objective for the company. Truist Financial started coverage on shares of Karman in a research report on Friday, October 10th. They issued a “buy” rating and a $89.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $80.50.

Karman Stock Up 5.7%

The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The stock’s 50-day moving average price is $71.50 and its two-hundred day moving average price is $60.25. The stock has a market capitalization of $9.08 billion and a PE ratio of 274.31.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. Karman had a net margin of 2.65% and a return on equity of 11.11%. The business had revenue of $121.79 million for the quarter. During the same period in the previous year, the firm earned $0.04 EPS. The company’s revenue was up 41.7% on a year-over-year basis.

Insider Buying and Selling at Karman

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $63.93, for a total value of $3,963,660.00. Following the sale, the insider directly owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Willis sold 115,000 shares of Karman stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the transaction, the chief financial officer directly owned 859,709 shares of the company’s stock, valued at approximately $50,404,738.67. This represents a 11.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 251,000 shares of company stock worth $15,419,170.

Institutional Trading of Karman

A number of large investors have recently made changes to their positions in KRMN. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman during the third quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its stake in Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares during the last quarter. Wexford Capital LP purchased a new stake in Karman during the 3rd quarter valued at $41,000. Global Retirement Partners LLC lifted its holdings in shares of Karman by 5,718.2% during the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after buying an additional 629 shares during the period. Finally, Global Trust Asset Management LLC purchased a new position in shares of Karman in the 2nd quarter worth $50,000.

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.