Karman Holdings Inc. (NYSE:KRMN – Get Free Report)’s stock price fell 9.2% during trading on Monday . The stock traded as low as $45.69 and last traded at $45.4320. 707,921 shares traded hands during trading, a decline of 71% from the average daily volume of 2,458,514 shares. The stock had previously closed at $50.01.
Analysts Set New Price Targets
KRMN has been the subject of several analyst reports. Piper Sandler decreased their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings cut Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Karman in a report on Tuesday, June 2nd. Finally, Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.
View Our Latest Stock Analysis on KRMN
Karman Price Performance
Karman (NYSE:KRMN – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue was up 51.0% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. On average, equities analysts expect that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Karman by 83.7% in the fourth 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 position in shares of Karman by 889.7% during 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 last quarter. CX Institutional bought a new stake in shares of Karman in the 2nd quarter valued at about $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman in the 3rd quarter valued at about $29,000. Finally, Huntington National Bank purchased a new position in shares of Karman in the 4th quarter worth approximately $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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