Karman (NYSE:KRMN) Trading Down 9.2% – What’s Next?

Shares of Karman Holdings Inc. (NYSE:KRMN) traded down 9.2% during trading on Monday . The stock traded as low as $45.69 and last traded at $45.4320. Approximately 707,921 shares changed hands during trading, a decline of 71% from the average daily volume of 2,458,514 shares. The stock had previously closed at $50.01.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp reduced their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Piper Sandler dropped their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings cut shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. Finally, Citigroup cut their price target on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Karman Stock Down 9.5%

The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $6.00 billion, a P/E ratio of 197.40 and a beta of 0.51. The firm’s 50 day moving average price is $55.56 and its two-hundred day moving average price is $78.75.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping 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 analyst estimates of $150.19 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. Equities research analysts forecast that Karman Holdings Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Karman

Large investors have recently modified their holdings of the business. AustralianSuper Pty Ltd acquired a new stake in shares of Karman in the fourth quarter valued at about $33,679,000. UBS Group AG boosted its position in Karman by 103.7% during the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after purchasing an additional 471,894 shares during the last quarter. Congress Asset Management Co. bought a new position in Karman in the fourth quarter valued at approximately $24,212,000. Aubrey Capital Management Ltd bought a new position in Karman in the fourth quarter valued at approximately $3,687,000. Finally, Mass General Brigham Inc acquired a new position in shares of Karman during the 4th quarter worth approximately $114,295,000.

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.