Karman Holdings Inc. (KRMN) - What Are Researchers Saying About This Stock?

Key Points

• Analysts have a Moderate Buy consensus on Karman, with 10 buy, two strong-buy, one hold and one sell rating among 14 analysts. The average 12-month price target is $77.57, though recent targets range from $40 to $80 after several downward revisions.
• Karman shares opened at $39.81, down significantly from their 52-week high of $118.38, while the stock trades at a high P/E ratio of 137.28. Its 200-day moving average is $64.25, compared with a 50-day average of $37.11.
• The company reported quarterly revenue growth of 58.2% year over year and earnings of $0.14 per share, slightly exceeding estimates. Institutional investors increased holdings, and director David Stinnett purchased 27,000 shares worth approximately $1.0 million.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has been given an average rating of "Moderate Buy" by the fourteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $77.57.

KRMN has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Needham & Company LLC decreased their price target on shares of Karman from $125.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Barclays initiated coverage on shares of Karman in a report on Friday, October 9th. They set an "overweight" rating and a $79.00 price objective on the stock. UBS Group set a $40.00 price objective on shares of Karman in a report on Thursday, October 22nd. Finally, Piper Sandler reduced their target price on shares of Karman from $91.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, October 23rd.

Insider Activity

In other news, Director David Stinnett bought 27,000 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the purchase, the director owned 3,530,395 shares of the company's stock, valued at $131,754,341.40. This trade represents a 0.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.77% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KRMN. First Trust Advisors LP raised its holdings in shares of Karman by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company's stock worth $231,480,000 after buying an additional 93,565 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Karman by 23.8% during the 3rd quarter. Congress Asset Management Co. now owns 1,068,811 shares of the company's stock worth $34,651,000 after buying an additional 205,503 shares during the period. Amundi boosted its stake in 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 buying an additional 158,068 shares in the last quarter. Bank of America Corp DE boosted its stake in Karman by 123.8% in the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company's stock valued at $36,785,000 after buying an additional 254,161 shares in the last quarter. Finally, Rokos Capital Management LLP acquired a new stake in Karman in the 1st quarter valued at $35,261,000.

Karman Trading Down 4.5%

Shares of NYSE:KRMN opened at $39.81 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The stock's 50-day moving average is $37.11 and its 200-day moving average is $64.25. The company has a market cap of $5.28 billion, a P/E ratio of 137.28 and a beta of 0.64. Karman has a 52-week low of $29.34 and a 52-week high of $118.38.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business 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%. Karman's revenue for the quarter was up 58.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Equities research analysts predict that Karman will post 0.59 earnings per share for the current year.

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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