Karman Holdings Inc. (NYSE:KRMN) Receives $117.10 Average Target Price from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $117.10.

A number of analysts recently issued reports on KRMN shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research report on Friday, March 27th. Robert W. Baird raised their price objective on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Piper Sandler raised Karman from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $127.00 in a research report on Friday, March 6th. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Finally, Evercore raised their price objective on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd.

Karman Stock Down 0.8%

Shares of NYSE:KRMN opened at $82.06 on Wednesday. The business has a 50-day moving average price of $89.64 and a 200 day moving average price of $84.43. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 631.31 and a beta of 2.58. Karman has a 12-month low of $32.12 and a 12-month high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The firm had revenue of $134.49 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.Karman’s revenue for the quarter was up 47.5% on a year-over-year basis. Sell-side analysts expect that Karman will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Karman

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC grew 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 acquiring an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the 3rd quarter valued at about $29,000. Kestra Advisory Services LLC acquired a new position in Karman in the 4th quarter valued at about $32,000. Finally, Huntington National Bank acquired a new position in Karman in the 4th quarter valued at about $32,000.

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.