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

Key Points

• Karman Holdings Inc. (NYSE:KRMN) has received a consensus rating of "Buy" from analysts, with an average 12-month target price of $60.60.
• Significant insider selling occurred recently, with CFO Michael Willis selling 100,000 shares and major shareholder Spaceco SPV LP TCFIII selling over 23 million shares, indicating a considerable decrease in ownership.
• The company's stock demonstrated a 113% increase this year, with KRMN trading up 1.6% recently, reflecting growing investor interest and confidence.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has been assigned an average recommendation of "Buy" from the seven analysts that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $60.60.

KRMN has been the subject of several research reports. Raymond James Financial initiated coverage on Karman in a report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 target price for the company. Royal Bank Of Canada upped their target price on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Citigroup reissued a "buy" rating and issued a $58.00 price target (up from $46.50) on shares of Karman in a research report on Monday, June 9th.

Insider Buying and Selling

In other news, CFO Michael Willis sold 100,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $4,900,000.00. Following the completion of the transaction, the chief financial officer directly owned 974,709 shares of the company's stock, valued at approximately $47,760,741. The trade was a 9.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the completion of the transaction, the insider directly owned 50,450,859 shares of the company's stock, valued at approximately $2,472,092,091. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,865,968 shares of company stock valued at $1,169,432,432.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KRMN. Bank of New York Mellon Corp bought a new position in shares of Karman in the 1st quarter worth $22,515,000. Caas Capital Management LP acquired a new position in Karman during the 1st quarter valued at about $3,192,000. Stephens Investment Management Group LLC acquired a new position in Karman during the 1st quarter valued at about $8,740,000. SBI Securities Co. Ltd. acquired a new position in Karman during the 1st quarter valued at about $107,000. Finally, TimesSquare Capital Management LLC acquired a new position in Karman during the 1st quarter valued at about $14,891,000.

Karman Trading Up 1.6%

KRMN opened at $68.49 on Friday. The business has a fifty day moving average of $55.75 and a 200 day moving average of $45.72. Karman has a 52-week low of $25.02 and a 52-week high of $70.32. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75.

Karman (NYSE:KRMN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm's revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

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.

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