Analysts Set Karman Holdings Inc. (NYSE:KRMN) Target Price at $60.60

Shares of Karman Holdings Inc. (NYSE:KRMN) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $68.00.

Several research analysts have weighed in on KRMN shares. Raymond James Financial started coverage on Karman in a research report on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price objective on the stock. Royal Bank Of Canada increased their price objective on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Karman in a research report on Saturday, September 27th. Evercore ISI raised their price target on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Citigroup restated a “buy” rating and issued a $58.00 price target (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th.

Karman Stock Performance

KRMN stock opened at $72.80 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. The business’s fifty day moving average price is $57.88 and its two-hundred day moving average price is $47.11. Karman has a fifty-two week low of $25.02 and a fifty-two week high of $75.95.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm’s revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $3,038,000.00. Following the transaction, the insider owned 566,939 shares in the company, valued at approximately $27,780,011. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Willis sold 100,000 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $4,900,000.00. Following the completion of the transaction, the chief financial officer owned 974,709 shares in the company, valued at $47,760,741. The trade was a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,865,968 shares of company stock worth $1,169,432,432 over the last three months.

Institutional Trading of Karman

Large investors have recently bought and sold shares of the business. Global Trust Asset Management LLC acquired a new stake in Karman in the second quarter valued at about $50,000. Penserra Capital Management LLC acquired a new stake in Karman in the second quarter valued at about $95,000. Amalgamated Bank acquired a new stake in Karman in the second quarter valued at about $100,000. SBI Securities Co. Ltd. acquired a new stake in Karman in the first quarter valued at about $107,000. Finally, Osaic Holdings Inc. acquired a new stake in Karman in the second quarter valued at about $123,000.

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.