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

Key Points

• Consensus: "Moderate Buy" — Eleven analysts cover Karman (KRMN) with a consensus rating of Moderate Buy (1 sell, 1 hold, 8 buy, 1 strong buy) and an average 12‑month price target of $116.90.
• Major brokerages have recently raised targets and reiterated bullish views, including Raymond James (strong‑buy, $130), Robert W. Baird ($135), and Evercore and RBC (each $125, outperform), while Citigroup maintained a buy rating.
• Institutional buying and valuation context: Karman opened at $99.31, has a $13.14 billion market cap and a high P/E (~397), with notable new stakes by Goldman Sachs (~$17.4M) and Millennium (~$10.2M) and a 69.4% stake increase by Geode Capital.

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $116.90.

Several analysts recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Karman in a research report on Thursday, February 19th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd. Evercore raised their price objective on shares of Karman from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on shares of Karman from $85.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, January 22nd. Finally, Robert W. Baird boosted their target price on shares of Karman from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday.

Karman Trading Down 6.3%

NYSE KRMN opened at $99.31 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman has a 52 week low of $25.02 and a 52 week high of $118.38. The business has a 50 day moving average price of $97.73 and a 200-day moving average price of $80.83. The company has a market cap of $13.14 billion and a price-to-earnings ratio of 397.25.

Institutional Trading of Karman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in shares of Karman in the first quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. bought a new stake in Karman during the first quarter worth $17,371,000. Jane Street Group LLC bought a new stake in Karman during the first quarter worth $532,000. Envestnet Asset Management Inc. purchased a new stake in Karman in the 2nd quarter valued at $762,000. Finally, Geode Capital Management LLC raised its position in Karman by 69.4% in the 2nd quarter. Geode Capital Management LLC now owns 400,663 shares of the company's stock valued at $20,186,000 after buying an additional 164,207 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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