Karman Holdings Inc. (NYSE:KRMN – Get Free Report)’s stock price was up 7.4% during trading on Tuesday . The company traded as high as $49.65 and last traded at $50.5660. 203,477 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 2,434,151 shares. The stock had previously closed at $47.10.
Wall Street Analyst Weigh In
KRMN has been the subject of several recent analyst reports. Robert W. Baird raised their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. Piper Sandler reduced their target price on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Citigroup dropped their price target on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Truist Financial upgraded Karman to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.60.
Check Out Our Latest Analysis on KRMN
Karman Price Performance
Karman (NYSE:KRMN – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same quarter last year, the business posted $0.05 earnings per share. Karman’s revenue for the quarter was up 51.0% compared to the same quarter last year. Equities research analysts anticipate that Karman Holdings Inc. will post 0.59 earnings per share for the current year.
Institutional Trading of Karman
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRMN. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the third quarter valued at approximately $29,000. Huntington National Bank acquired a new stake in Karman during the 4th quarter worth $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Karman during the 4th quarter worth $32,000.
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.
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