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

Karman Holdings Inc. (NYSE:KRMN)’s stock price gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

Several research firms recently commented on KRMN. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $100.00 target price on Karman in a report on Wednesday, May 13th. BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Monday, May 18th. Citigroup dropped their target price on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Karman in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Karman has an average rating of “Moderate Buy” and a consensus price target of $108.10.

Karman Stock Performance

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

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during 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 firm’s revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 earnings per share. As a group, analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Karman

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after purchasing an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. purchased a new stake in Karman in the 3rd quarter worth approximately $319,861,000. Donaldson Capital Management LLC purchased a new stake in Karman in the 3rd quarter worth approximately $252,803,000. Falcon Wealth Planning purchased a new stake in Karman in the 1st quarter worth approximately $205,684,000. Finally, Schusterman Interests LLC purchased a new stake in shares of Karman during the 3rd quarter valued at $148,024,000.

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.