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

Key Points

• Consensus rating: Karman received a consensus recommendation of "Moderate Buy" from 11 brokerages (8 buy, 1 strong buy, 1 hold, 1 sell) with an average 12‑month price target of $117.10, and several firms recently raised targets (Baird to $135, RBC to $125).
• Recent results: The company reported $0.11 EPS (in line with estimates) and revenue of $134.49M, up 47.5% year‑over‑year; shares opened at $90.20 with a market cap of ~$11.95B and a 52‑week range of $31.64–$118.38.
• Institutional buying: Invesco boosted its position by 27.3% to 4,088,649 shares (~$299M), and several other funds initiated or added positions in the fourth quarter.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $117.10.

A number of research firms have commented on KRMN. Robert W. Baird boosted their price target on shares of Karman from $115.00 to $135.00 and gave the stock an "outperform" rating in a research report on Friday, March 20th. Truist Financial set a $118.00 price target on shares of Karman in a research report on Friday, January 9th. Royal Bank Of Canada boosted their price target on shares of Karman from $85.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, January 22nd. Needham & Company LLC restated a "buy" rating and set a $125.00 price target on shares of Karman in a research report on Thursday, April 9th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Karman in a research report on Friday, March 27th.

Karman Trading Up 2.7%

Shares of NYSE:KRMN opened at $90.20 on Wednesday. The company has a market cap of $11.95 billion, a PE ratio of 693.92 and a beta of 2.58. The company's 50-day moving average price is $90.50 and its 200 day moving average price is $83.97. Karman has a fifty-two week low of $31.64 and a fifty-two week high of $118.38. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.15%. The firm had revenue of $134.49 million for the quarter. The company's revenue was up 47.5% on a year-over-year basis.

Institutional Trading of Karman

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. grew its position in Karman by 27.3% in the fourth quarter. Invesco Ltd. now owns 4,088,649 shares of the company's stock worth $299,166,000 after buying an additional 877,462 shares during the last quarter. Vident Advisory LLC acquired a new position in Karman in the fourth quarter worth approximately $14,579,000. VARCOV Co. acquired a new position in Karman in the fourth quarter worth approximately $485,000. Polymer Capital Management US LLC acquired a new position in Karman in the fourth quarter worth approximately $569,000. Finally, Engineers Gate Manager LP acquired a new position in Karman in the fourth quarter worth approximately $241,000.

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. 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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