Karman (NYSE:KRMN) Stock Rating Upgraded by Guggenheim

Karman (NYSE:KRMN – Get Free Report) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

Several other research firms also recently weighed in on KRMN. Citigroup boosted their price target on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price objective (down from $114.00) on shares of Karman in a report on Friday, August 7th. Needham & Company LLC decreased their price objective on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th. BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Monday, August 10th. Finally, Truist Financial dropped their target price on Karman from $118.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.45.

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Check Out Our Latest Research Report on KRMN

Karman Stock Down 1.2%

Shares of NYSE KRMN opened at $37.03 on Monday. The stock has a market capitalization of $4.91 billion, a P/E ratio of 127.69 and a beta of 0.47. Karman has a one year low of $33.99 and a one year high of $118.38. The firm’s 50 day simple moving average is $48.41 and its two-hundred day simple moving average is $63.70. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40.

Karman (NYSE:KRMN – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (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 during the quarter. During the same period last year, the company posted $0.10 EPS. Karman’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, analysts expect that Karman will post 0.59 EPS for the current fiscal year.

Institutional Trading of Karman

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HBK Investments L P purchased a new stake in shares of Karman in the 2nd quarter worth about $998,000. Tidal Investments LLC raised its position in shares of Karman by 78.1% in the 2nd quarter. Tidal Investments LLC now owns 29,199 shares of the company’s stock worth $1,458,000 after acquiring an additional 12,807 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Karman in the 2nd quarter valued at approximately $470,000. NewEdge Advisors LLC lifted its stake in shares of Karman by 163.3% in the 2nd quarter. NewEdge Advisors LLC now owns 3,112 shares of the company’s stock valued at $155,000 after purchasing an additional 1,930 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of Karman by 13.2% during the second quarter. Arizona State Retirement System now owns 16,456 shares of the company’s stock valued at $821,000 after purchasing an additional 1,915 shares in the last quarter.

About Karman

(Get Free Report)

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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