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

Key Points

• Analysts give Karman a “Moderate Buy” consensus: Eight of 11 brokerages rate the stock a buy, one rates it a strong buy, one a hold and one a sell. The average 12-month price target is $92.10.
• Several firms recently lowered their price targets, including KeyCorp to $100, Truist Financial to $85 and Piper Sandler to $91, while BWS Financial maintained a sell rating with a $37 target.
• Karman reported quarterly EPS of $0.14 versus a $0.13 estimate, with revenue rising 58.2% year over year to $182.06 million. The stock opened at $61.57, well below its 52-week high of $118.38.

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

Several brokerages have recently commented on KRMN. KeyCorp decreased their target price on Karman from $122.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Evercore set a $100.00 price objective on shares of Karman in a report on Wednesday, May 13th. Truist Financial reduced their target price on shares of Karman from $118.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday. Piper Sandler reaffirmed an "overweight" rating and set a $91.00 price objective (down from $114.00) on shares of Karman in a report on Friday, August 7th. Finally, BWS Financial reiterated a "sell" rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, August 10th.

Karman Stock Performance

NYSE:KRMN opened at $61.57 on Tuesday. Karman has a 1 year low of $43.68 and a 1 year high of $118.38. The firm has a 50 day moving average of $50.99 and a 200-day moving average of $70.90. 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 stock has a market capitalization of $8.16 billion, a P/E ratio of 212.32 and a beta of 0.56.

Karman (NYSE:KRMN - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business had revenue of $182.06 million for the quarter. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm's revenue was up 58.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Karman will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company's stock worth $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Falcon Wealth Planning acquired a new position in Karman in the first quarter valued at about $205,684,000. Schusterman Interests LLC bought a new position in Karman during the third quarter worth about $148,024,000. Trustees of the University of Pennsylvania acquired a new position in shares of Karman during the 4th quarter worth about $142,869,000. Finally, Van ECK Associates Corp boosted its stake 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 acquiring an additional 1,594,518 shares during the last quarter.

Karman Company Profile

We specialize in the upfront design, testing, manufacturing, and sale of mission-critical systems for existing and emerging missile and defense, and space programs. Our integrated payload protection, propulsion, and interstage system solutions are deployed across a wide variety of existing and emerging programs supporting important Department of Defense (“DoD”) and space sector initiatives. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.

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