Brokerages Set Karman Holdings Inc. (NYSE:KRMN) PT at $92.10

Shares of Karman Holdings Inc. (NYSE:KRMN) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $92.10.

A number of research analysts recently issued reports on the company. KeyCorp dropped their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Needham & Company LLC reduced their target price on shares of Karman from $125.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 7th. Finally, BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Monday, August 10th.

Karman Stock Down 3.8%

Shares of KRMN opened at $51.35 on Tuesday. The company’s 50-day moving average price is $51.74 and its 200 day moving average price is $69.01. Karman has a 12-month low of $43.68 and a 12-month high of $118.38. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The firm has a market cap of $6.81 billion, a P/E ratio of 177.07 and a beta of 0.55.

Karman (NYSE:KRMN) last issued its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The business had revenue of $182.06 million during the quarter. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s quarterly revenue was up 58.2% on a year-over-year basis. On average, sell-side analysts forecast that Karman will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Karman

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in shares of Karman by 5,549.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,452,367 shares of the company’s stock worth $172,342,000 after purchasing an additional 3,391,262 shares during the period. Readystate Asset Management LP purchased a new stake in Karman during the second quarter worth about $5,675,000. Tribune Investment Group LP purchased a new position in Karman in the second quarter valued at about $3,205,000. Nykredit A S acquired a new stake in shares of Karman during the 2nd quarter valued at approximately $156,000. Finally, Tsfg LLC purchased a new stake in shares of Karman during the 2nd quarter worth approximately $30,000.

About Karman

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.