Karman (NYSE:KRMN – Get Free Report) had its target price cut by stock analysts at Piper Sandler from $127.00 to $114.00 in a research report issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 71.84% from the company’s previous close.
Several other research analysts also recently commented on KRMN. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Robert W. Baird lifted their price target on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Royal Bank Of Canada increased their price objective on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $110.30.
Check Out Our Latest Analysis on Karman
Karman Stock Up 5.7%
Karman (NYSE:KRMN – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same period last year, the company earned $0.05 EPS. Karman’s quarterly revenue was up 51.0% compared to the same quarter last year. On average, equities analysts predict that Karman will post 0.59 EPS for the current year.
Institutional Trading of Karman
Several hedge funds and other institutional investors have recently bought and sold shares of KRMN. Amundi increased its holdings in shares of Karman by 44.6% in the 1st quarter. Amundi now owns 512,231 shares of the company’s stock valued at $41,004,000 after acquiring an additional 158,068 shares during the period. California State Teachers Retirement System lifted its stake in shares of Karman by 23.4% during the 1st quarter. California State Teachers Retirement System now owns 61,105 shares of the company’s stock worth $4,891,000 after purchasing an additional 11,597 shares during the last quarter. Royal Bank of Canada boosted its position in Karman by 17.9% during the first quarter. Royal Bank of Canada now owns 101,236 shares of the company’s stock valued at $8,104,000 after purchasing an additional 15,357 shares in the last quarter. Ranger Investment Management L.P. grew its stake in Karman by 12.8% in the first quarter. Ranger Investment Management L.P. now owns 297,540 shares of the company’s stock valued at $23,818,000 after purchasing an additional 33,786 shares during the last quarter. Finally, Rokos Capital Management LLP bought a new position in Karman in the first quarter worth about $35,261,000.
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.
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