Karman Holdings Inc. (NYSE:KRMN) Stock Has Consensus Price Target of $88.09

Key Points

• Analysts maintain a “Moderate Buy” consensus on Karman Holdings, with eight buy ratings, two strong-buy ratings, one hold and one sell. The average 12-month price target is $88.09, though several firms recently reduced their targets.
• Karman shares opened at $33.20, near their 12-month low of $31.66 and well below the $118.38 high. The stock has a $4.40 billion market capitalization and trades at a high price-to-earnings ratio of 114.49.
• The company reported 58.2% year-over-year revenue growth to $182.06 million and quarterly EPS of $0.14, exceeding estimates by $0.01. Director David Stinnett also purchased 27,000 shares, while institutional investors made several notable additions to their positions.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $88.09.

A number of research firms have recently issued reports on KRMN. Needham & Company LLC dropped their price objective on shares of Karman from $125.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Piper Sandler reissued an "overweight" rating and issued a $91.00 price objective (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Weiss Ratings downgraded Karman from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 10th. Royal Bank Of Canada dropped their target price on Karman from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Monday, September 28th. Finally, Citigroup increased their price target on Karman from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, August 10th.

Insider Activity at Karman

In other Karman news, Director David Stinnett bought 27,000 shares of Karman stock in a transaction dated Wednesday, September 16th. The stock was bought at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the purchase, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. This represents a 0.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.77% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KRMN. First Trust Advisors LP lifted its position in shares of Karman by 3.3% during the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company's stock worth $231,480,000 after purchasing an additional 93,565 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company's stock worth $209,806,000 after buying an additional 1,594,518 shares during the last quarter. Falcon Wealth Planning bought a new position in Karman during the 1st quarter worth approximately $205,684,000. Congress Asset Management Co. increased its holdings in shares of Karman by 23.8% in the 3rd quarter. Congress Asset Management Co. now owns 1,068,811 shares of the company's stock valued at $34,651,000 after acquiring an additional 205,503 shares during the last quarter. Finally, Amundi raised its position in shares of Karman by 44.6% during the 1st quarter. Amundi now owns 512,231 shares of the company's stock valued at $41,004,000 after acquiring an additional 158,068 shares in the last quarter.

Karman Stock Performance

NYSE:KRMN opened at $33.20 on Wednesday. Karman has a twelve month low of $31.66 and a twelve month high of $118.38. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 114.49 and a beta of 0.64. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The firm's fifty day simple moving average is $44.51 and its 200 day simple moving average is $57.25.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company 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 company's revenue for the quarter was up 58.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities research analysts expect that Karman will post 0.59 earnings per share for the current fiscal year.

Karman Company Profile

Karman NYSE: KRMN, through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.

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