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

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $47.50.

Several equities analysts have weighed in on KRMN shares. Citigroup restated a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research note on Monday, June 9th. William Blair began coverage on shares of Karman in a research report on Monday, March 10th. They set an "outperform" rating on the stock. Baird R W raised shares of Karman to a "strong-buy" rating in a research report on Monday, March 10th. Royal Bank Of Canada boosted their target price on Karman from $38.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Robert W. Baird upped their target price on Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th.

Karman Stock Performance

KRMN stock traded up $0.25 during trading on Thursday, reaching $46.25. 3,475,941 shares of the stock were exchanged, compared to its average volume of 628,151. The business's 50 day simple moving average is $40.97. Karman has a twelve month low of $25.02 and a twelve month high of $49.81.

Karman (NYSE:KRMN - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to the consensus estimate of $95.40 million. The business's revenue was up 20.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KRMN. SBI Securities Co. Ltd. purchased a new position in shares of Karman during the 1st quarter valued at $107,000. US Bancorp DE purchased a new stake in shares of Karman in the 1st quarter valued at about $124,000. Hollencrest Capital Management purchased a new stake in shares of Karman in the 1st quarter valued at about $155,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Karman during the 1st quarter valued at about $170,000. Finally, Phoenix Financial Ltd. purchased a new position in shares of Karman during the 1st quarter valued at about $435,000.

About Karman

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.