Karman (NYSE:KRMN) Price Target Raised to $135.00

Key Points

• Robert W. Baird raised its price target on Karman from $115.00 to $135.00 with an "outperform" rating, implying roughly a 27.86% upside from the stock's current price.
• The analyst consensus is a "Moderate Buy" with an average target of $116.90 and a majority of positive ratings (one Strong Buy, eight Buy, one Hold, one Sell), though opinions range from high single‑digit targets to the recent upgrades.
• Karman opened at $105.59 (50‑day/200‑day averages $97.86/$80.51), has a market cap of $13.97 billion and a PE of 422.34, and has seen notable institutional buying including a $70.5M position by the Robert Wood Johnson Foundation and a large stake increase by TimesSquare Capital.

Karman (NYSE:KRMN - Get Free Report) had its price target increased by analysts at Robert W. Baird from $115.00 to $135.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would indicate a potential upside of 27.86% from the stock's current price.

A number of other research firms have also issued reports on KRMN. KeyCorp increased their target price on Karman from $80.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. Needham & Company LLC initiated coverage on Karman in a report on Friday, March 13th. They issued a "buy" rating and a $125.00 price target for the company. Truist Financial set a $118.00 price objective on shares of Karman in a research report on Friday, January 9th. Evercore lifted 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. Finally, BWS Financial reissued a "sell" rating and set a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $116.90.

Karman Trading Up 4.1%

NYSE:KRMN opened at $105.59 on Friday. The business's 50-day moving average is $97.86 and its two-hundred day moving average is $80.51. The firm has a market capitalization of $13.97 billion and a PE ratio of 422.34. Karman has a 12 month low of $25.02 and a 12 month high of $118.38. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KRMN. Robert Wood Johnson Foundation bought a new position in Karman during the third quarter worth $70,488,000. Federated Hermes Inc. bought a new stake in Karman during the third quarter valued at $2,055,000. TimesSquare Capital Management LLC increased its stake in Karman by 361.7% during the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company's stock valued at $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter. Huntleigh Advisors Inc. acquired a new stake in shares of Karman during the third quarter worth $2,466,000. Finally, GAM Holding AG bought a new position in shares of Karman in the 3rd quarter worth about $1,250,000.

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. 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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