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

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has earned an average rating of "Buy" from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $49.25.

Several research analysts have recently weighed in on KRMN shares. Robert W. Baird increased their price target on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Royal Bank Of Canada increased their target price on shares of Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Finally, Citigroup reissued a "buy" rating and issued a $58.00 price target (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th.

Karman Stock Performance

Shares of KRMN stock opened at $47.69 on Friday. The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $48.30. Karman has a 12-month low of $25.02 and a 12-month high of $57.31.

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

Insider Buying and Selling

In other Karman news, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction dated Friday, July 25th. The stock was 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 owned 740,861 shares of the company's stock, valued at $36,302,189. The trade was a 9.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephanie Sawhill sold 62,000 shares of the company's stock in a transaction dated 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 sale, the insider owned 566,939 shares in the company, valued at approximately $27,780,011. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,865,968 shares of company stock worth $1,169,432,432.

Institutional Trading of Karman

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in shares of Karman during the 2nd quarter valued at $50,000. Penserra Capital Management LLC purchased a new stake in shares of Karman in the second quarter worth $95,000. Amalgamated Bank bought a new stake in Karman during the second quarter valued at $100,000. SBI Securities Co. Ltd. purchased a new position in Karman during the first quarter worth about $107,000. Finally, US Bancorp DE bought a new position in Karman in the 1st quarter worth about $124,000.

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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