Guggenheim Upgrades Karman (NYSE:KRMN) to Strong-Buy

Karman (NYSE:KRMN) was upgraded by stock analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

Several other equities research analysts have also recently issued reports on KRMN. Truist Financial decreased their price objective on shares of Karman from $118.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Piper Sandler restated an “overweight” rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Citigroup lifted their price target on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Needham & Company LLC lowered their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.45.

Karman Stock Down 1.2%

Shares of NYSE:KRMN opened at $37.03 on Monday. Karman has a fifty-two week low of $33.99 and a fifty-two week high of $118.38. The firm’s 50 day moving average price is $48.41 and its 200 day moving average price is $63.70. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 127.69 and a beta of 0.47.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping 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 company had revenue of $182.06 million during the quarter. During the same quarter last year, the firm earned $0.10 EPS. The company’s revenue was up 58.2% on a year-over-year basis. As a group, equities research analysts predict that Karman will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock valued at $316,000 after acquiring an additional 297 shares during the period. 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. Huntington National Bank acquired a new stake in Karman during the 4th quarter worth approximately $32,000. Parkside Financial Bank & Trust lifted its position in Karman by 3,471.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 486 shares during the period. Finally, CX Institutional purchased a new position in shares of Karman in the 2nd quarter valued at approximately $28,000.

Karman Company Profile

Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.

The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.

Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.