Karman Holdings Inc. (NYSE:KRMN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst sentiment is moderately positive: Eleven analysts rate Karman Holdings a consensus “Moderate Buy,” including eight buys and one strong buy. The average 12-month price target is $92.10, although several firms recently lowered their targets.
• Recent performance exceeded expectations: Karman reported quarterly EPS of $0.14 versus the $0.13 consensus estimate, while revenue rose 58.2% year over year to $182.06 million.
• The stock has fallen sharply: KRMN opened at $35.23, near its 52-week low of $33.99 and well below its 52-week high of $118.38. Its valuation remains elevated at a P/E ratio of 121.5.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $92.10.

A number of research analysts have recently issued reports on KRMN shares. BWS Financial restated a "sell" rating and issued a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Royal Bank Of Canada dropped their price objective on shares of Karman from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. Piper Sandler reissued an "overweight" rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a report on Friday, August 7th. Needham & Company LLC decreased their target price on Karman from $125.00 to $80.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Karman from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday.

Karman Price Performance

KRMN opened at $35.23 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 company has a market capitalization of $4.67 billion, a P/E ratio of 121.50 and a beta of 0.47. Karman has a 1-year low of $33.99 and a 1-year high of $118.38. The company has a 50-day moving average of $49.33 and a 200-day moving average of $64.84.

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, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $182.06 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business's revenue for the quarter was up 58.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share. Equities analysts expect that Karman will post 0.58 EPS for the current fiscal year.

Institutional Trading of Karman

Several hedge funds have recently added to or reduced their stakes in KRMN. California State Teachers Retirement System boosted its position in Karman by 5,549.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,452,367 shares of the company's stock worth $172,342,000 after acquiring an additional 3,391,262 shares during the period. Falcon Wealth Planning bought a new stake in Karman in the first quarter worth approximately $205,684,000. Schusterman Interests LLC acquired a new position in Karman during the third quarter worth $148,024,000. Trustees of the University of Pennsylvania acquired a new position in shares of Karman during the 4th quarter valued at about $142,869,000. Finally, Van ECK Associates Corp grew its holdings in Karman by 125.3% during the fourth quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company's stock valued at $209,806,000 after purchasing an additional 1,594,518 shares during the last quarter.

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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