Karman (NYSE:KRMN) Stock Price Down 6.7% – What’s Next?

Karman Holdings Inc. (NYSE:KRMN) dropped 6.7% on Tuesday . The stock traded as low as $80.43 and last traded at $80.3210. Approximately 400,682 shares traded hands during trading, a decline of 81% from the average daily volume of 2,125,293 shares. The stock had previously closed at $86.10.

Wall Street Analysts Forecast Growth

KRMN has been the topic of several analyst reports. Truist Financial set a $118.00 target price on Karman in a research report on Friday, January 9th. Robert W. Baird boosted 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. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research report on Thursday, January 22nd. KeyCorp boosted their target price on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman presently has a consensus rating of “Moderate Buy” and an average price target of $117.10.

Karman Trading Down 4.5%

The stock has a fifty day moving average of $93.36 and a 200-day moving average of $83.20. 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 company has a market cap of $10.88 billion, a PE ratio of 633.13 and a beta of 2.58.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Karman had a return on equity of 13.36% and a net margin of 3.68%.The company had revenue of $134.49 million during the quarter. The business’s quarterly revenue was up 47.5% on a year-over-year basis.

Hedge Funds Weigh In On Karman

A number of large investors have recently bought and sold shares of KRMN. Millennium Management LLC purchased a new position in Karman during the 1st quarter valued at $10,199,000. Goldman Sachs Group Inc. purchased a new stake in shares of Karman in the 1st quarter worth $17,371,000. Jane Street Group LLC purchased a new stake in shares of Karman in the 1st quarter worth $532,000. Legal & General Group Plc purchased a new stake in shares of Karman in the 2nd quarter worth $1,369,000. Finally, Rhumbline Advisers purchased a new stake in shares of Karman in the 2nd quarter worth $1,316,000.

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.