Karman (NYSE:KRMN) Given New $50.00 Price Target at Needham & Company LLC

Key Points

• Needham cut its price target on Karman to $50 from $80 but maintained a Buy rating; the new target implies 54.3% upside from the cited share price.
• Karman beat quarterly earnings expectations, reporting $0.19 per share versus $0.16 expected, while revenue rose 65.6% year over year to $201.62 million.
• Analyst views remain broadly positive: MarketBeat reports a Moderate Buy consensus and an average price target of $73, despite the stock trading well below its recent averages.

Karman (NYSE:KRMN - Get Free Report) had its price objective reduced by equities research analysts at Needham & Company LLC from $80.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Needham & Company LLC's target price would indicate a potential upside of 54.33% from the stock's current price.

A number of other equities analysts have also weighed in on KRMN. KeyCorp lowered their price objective on Karman from $100.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday. Guggenheim started coverage on Karman in a report on Monday, September 14th. They issued a "buy" rating and a $63.00 target price for the company. Royal Bank Of Canada cut their target price on Karman from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, October 28th. Citigroup lifted their price target on Karman from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, BWS Financial reissued a "sell" rating and set a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $73.00.

Karman Trading Down 5.2%

KRMN opened at $32.40 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The company's 50 day simple moving average is $35.97 and its two-hundred day simple moving average is $62.81. Karman has a 1-year low of $29.34 and a 1-year high of $118.38. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 111.72 and a beta of 0.45.

Karman (NYSE:KRMN - Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $201.62 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%. The company's revenue for the quarter was up 65.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Analysts expect that Karman will post 0.59 EPS for the current fiscal year.

Insider Activity at Karman

In other Karman news, Director David Stinnett acquired 27,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the acquisition, the director owned 3,530,395 shares of the company's stock, valued at approximately $131,754,341.40. The trade was a 0.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.77% of the company's stock.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRMN. Lido Advisors LLC boosted its position in shares of Karman by 104.2% during the third quarter. Lido Advisors LLC now owns 19,130 shares of the company's stock worth $620,000 after buying an additional 473,007 shares during the period. Rokos Capital Management LLP purchased a new stake in shares of Karman in the 1st quarter valued at $35,261,000. Wellington Management Group LLP purchased a new stake in shares of Karman in the 2nd quarter valued at $16,086,000. Ranger Investment Management L.P. acquired a new position in Karman during the 2nd quarter worth about $13,902,000. Finally, Bank of America Corp DE lifted its stake in Karman by 123.8% during the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company's stock worth $36,785,000 after acquiring an additional 254,161 shares in the last quarter.

Karman News Summary

Here are the key news stories impacting Karman this week:

• Positive Sentiment: Q3 beat and strong growth: Karman earned $0.19 per share, above the $0.16 consensus and up from $0.10 a year earlier. Revenue reached $201.62 million, a 65.6% year-over-year increase. Karman Q3 earnings and revenues surpass estimates
• Positive Sentiment: 2026 outlook and backlog: The company expects $755 million–$760 million in 2026 revenue and reported a $1.7 billion backlog, supporting visibility into future business. Karman revenue outlook and backlog
• Positive Sentiment: Analyst support: Piper Sandler reaffirmed its Overweight rating and raised its price target to $60 from $59, implying substantial upside from the cited $32.40 price. Piper Sandler rating and price target update
• Neutral Sentiment: Trading context: The supplied snapshot shows shares well below their 50- and 200-day averages, while the stock’s high reported P/E may be a concern for investors. The articles provided do not identify a specific negative catalyst for the recent weakness.

Karman Company Profile

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company's capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.

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