Karman (NYSE:KRMN – Free Report) had its target price boosted by Citigroup from $76.00 to $78.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.
A number of other research firms have also issued reports on KRMN. Evercore set a $100.00 price target on Karman in a report on Wednesday, May 13th. BWS Financial reaffirmed a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada lowered their target price on Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Finally, KeyCorp dropped their target price on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.40.
Read Our Latest Stock Analysis on KRMN
Karman Stock Up 0.2%
Karman (NYSE:KRMN – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company had revenue of $182.06 million for the quarter. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was up 58.2% compared to the same quarter last year. Sell-side analysts predict that Karman will post 0.58 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. lifted its holdings in Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after acquiring an additional 108 shares during the period. FIL Ltd boosted its position in shares of Karman by 0.6% during the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock worth $1,908,000 after purchasing an additional 155 shares in the last quarter. Barclays PLC grew its stake in shares of Karman by 2.2% during the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after purchasing an additional 273 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock valued at $316,000 after purchasing an additional 297 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in shares of Karman by 8.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,050 shares of the company’s stock valued at $296,000 after purchasing an additional 300 shares during the period.
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.
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