Karman (NYSE:KRMN) Stock Price Up 7.4% – Time to Buy?

Shares of Karman Holdings Inc. (NYSE:KRMN) were up 7.4% on Tuesday . The company traded as high as $49.65 and last traded at $50.5660. 203,477 shares traded hands during trading, a decline of 92% from the average session volume of 2,434,151 shares. The stock had previously closed at $47.10.

Analysts Set New Price Targets

KRMN has been the subject of several research analyst reports. Weiss Ratings cut shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Citigroup reduced their price target on shares of Karman from $97.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Finally, Robert W. Baird raised their price objective on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Karman has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Karman Price Performance

The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 238.57 and a beta of 0.52. The company has a fifty day moving average price of $58.58 and a two-hundred day moving average price of $79.60.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. During the same period in the previous year, the company posted $0.05 EPS. The company’s quarterly revenue was up 51.0% on a year-over-year basis. On average, equities research analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Karman during the 3rd quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new stake in Karman during the 4th quarter worth approximately $32,000. Finally, Huntington National Bank purchased a new position in shares of Karman in the 4th quarter valued at approximately $32,000.

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.