Karman Holdings Inc. (NYSE:KRMN) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Karman Holdings Inc. (NYSE:KRMN) has received an average recommendation of "Buy" from six brokerages, with five analysts rating it "buy" and one "strong buy." The average price target among these analysts is $50.75.
• Recent insider activity includes COO Jonathan Beaudoin selling 80,000 shares and CFO Michael Willis selling 100,000 shares, each at an average price of $49.00, indicating a significant reduction in their ownership.
• Karman reported a 35.3% increase in quarterly revenue year-over-year, but its earnings per share for the quarter was $0.10, slightly below the consensus estimate of $0.11.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has been assigned an average recommendation of "Buy" from the six ratings firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $50.75.

KRMN has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price target on shares of Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Citigroup restated a "buy" rating and issued a $58.00 price objective (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Robert W. Baird raised their price objective on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th.

Insider Transactions at Karman

In related news, insider Stephanie Sawhill sold 62,000 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,038,000.00. Following the completion of the transaction, the insider owned 566,939 shares of the company's stock, valued at approximately $27,780,011. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the completion of the transaction, the chief operating officer directly owned 740,861 shares of the company's stock, valued at approximately $36,302,189. This trade represents a 9.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,865,968 shares of company stock worth $1,169,432,432.

Hedge Funds Weigh In On Karman

Several large investors have recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new position in shares of Karman in the 2nd quarter valued at about $50,000. Penserra Capital Management LLC bought a new stake in shares of Karman during the second quarter valued at approximately $95,000. Amalgamated Bank bought a new position in shares of Karman in the 2nd quarter worth $100,000. Osaic Holdings Inc. acquired a new position in Karman during the second quarter worth $123,000. Finally, SBI Securities Co. Ltd. acquired a new position in Karman during the 1st quarter valued at about $107,000.

Karman Trading Up 0.5%

Karman stock traded up $0.25 during mid-day trading on Tuesday, hitting $53.51. 1,013,994 shares of the company's stock were exchanged, compared to its average volume of 1,172,480. The business has a 50 day moving average price of $50.44. Karman has a 1-year low of $25.02 and a 1-year high of $57.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.75 and a quick ratio of 2.58.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings data 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). Karman's revenue for the quarter was up 35.3% on a year-over-year basis. 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.