Shares of Karman Holdings Inc. (NYSE:KRMN – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $92.10.
Several brokerages have issued reports on KRMN. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Royal Bank Of Canada cut their price objective on shares of Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Needham & Company LLC reduced their target price on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a report on Friday, August 7th. Finally, Truist Financial decreased their price objective on Karman from $118.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 13th.
View Our Latest Stock Report on Karman
Karman Stock Performance
Karman (NYSE:KRMN – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The company had revenue of $182.06 million for the quarter. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 58.2% on a year-over-year basis. Sell-side analysts forecast that Karman will post 0.58 EPS for the current year.
Hedge Funds Weigh In On Karman
A number of institutional investors have recently added to or reduced their stakes in KRMN. EverSource Wealth Advisors LLC boosted its stake in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman in the 3rd quarter worth about $29,000. Kestra Advisory Services LLC bought a new stake in shares of Karman in the 4th quarter worth about $32,000. Huntington National Bank acquired a new stake in shares of Karman in the 4th quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Karman during the fourth quarter worth about $35,000.
About Karman
Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.
The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.
Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.
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