Karman (NYSE:KRMN) Reaches New 12-Month Low – Here’s What Happened

Karman Holdings Inc. (NYSE:KRMNGet Free Report)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $43.32 and last traded at $42.80, with a volume of 158264 shares. The stock had previously closed at $45.57.

Analysts Set New Price Targets

Several research analysts recently issued reports on KRMN shares. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. KeyCorp reduced their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Needham & Company LLC decreased their price target on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Evercore set a $100.00 price objective on Karman in a research report on Wednesday, May 13th. Finally, BWS Financial reaffirmed a “sell” rating and issued a $37.00 price objective on shares of Karman in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $92.10.

Get Our Latest Stock Report on KRMN

Karman Stock Down 0.8%

The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The stock’s 50-day moving average is $51.23 and its 200-day moving average is $67.05. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 141.83 and a beta of 0.48.

Karman (NYSE:KRMNGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business’s quarterly revenue was up 58.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. On average, analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KRMN. Millennium Management LLC bought a new stake in shares of Karman during the first quarter worth about $10,199,000. Goldman Sachs Group Inc. bought a new position in Karman in the 1st quarter valued at about $17,371,000. Jane Street Group LLC acquired a new position in Karman during the 1st quarter valued at about $532,000. Rhumbline Advisers acquired a new position in Karman during the 2nd quarter valued at about $1,316,000. Finally, New York State Common Retirement Fund bought a new stake in Karman during the 2nd quarter worth approximately $554,000.

About Karman

(Get Free Report)

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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