Karman’s (KRMN) Sell Rating Reiterated at BWS Financial

BWS Financial restated their sell rating on shares of Karman (NYSE:KRMN) in a research report released on Monday,Benzinga reports. They currently have a $37.00 price target on the stock.

A number of other research firms have also commented on KRMN. Needham & Company LLC cut their price objective on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Royal Bank Of Canada lowered their price target on shares of Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Evercore set a $100.00 price target on shares of Karman in a research report on Wednesday, May 13th. Weiss Ratings lowered shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Finally, KeyCorp decreased their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Karman has a consensus rating of “Moderate Buy” and a consensus price target of $95.40.

Karman Stock Performance

NYSE KRMN opened at $62.08 on Monday. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 214.08 and a beta of 0.55. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. Karman has a twelve month low of $43.68 and a twelve month high of $118.38. The stock has a fifty day simple moving average of $50.38 and a 200 day simple moving average of $71.93.

Karman (NYSE:KRMN) last announced its 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. The firm had revenue of $182.06 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The firm’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. Sell-side analysts expect that Karman will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Karman

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the third quarter worth approximately $29,000. Kestra Advisory Services LLC acquired a new stake in Karman in the fourth quarter valued at approximately $32,000. Huntington National Bank acquired a new stake in Karman in the fourth quarter valued at approximately $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Karman during the fourth quarter valued at approximately $35,000.

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.