Karman (NYSE:KRMN) Reaches New 1-Year High - Should You Buy?

Key Points

• Karman Holdings Inc. (NYSE:KRMN) shares hit a new 52-week high of $76.21 during trading, with a closing price of $75.01 and a trading volume of 37,426 shares.
• Brokerages have provided mixed ratings, with two analysts issuing a Strong Buy rating and a target price as high as $100.00, while Weiss Ratings maintained a "sell" rating.
• Insider trading activity was notable, with CFO Michael Willis selling 100,000 shares and a major shareholder offloading over 23 million shares, reflecting a significant decrease in their ownership stakes.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $76.21 and last traded at $75.01, with a volume of 37426 shares traded. The stock had previously closed at $75.20.

Analyst Ratings Changes

A number of brokerages have issued reports on KRMN. Evercore ISI upped their target price on Karman from $58.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Royal Bank Of Canada upped their target price on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Raymond James Financial initiated coverage on Karman in a report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 target price for the company. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Karman in a research report on Saturday, September 27th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $68.00.

Karman Stock Performance

The firm has a 50-day moving average of $58.85 and a 200 day moving average of $47.73. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Karman's revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

Insider Buying and Selling

In other news, CFO Michael Willis sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $4,900,000.00. Following the transaction, the chief financial officer owned 974,709 shares in the company, valued at $47,760,741. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the completion of the transaction, the insider owned 50,450,859 shares in the company, valued at $2,472,092,091. This represents a 31.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,865,968 shares of company stock worth $1,169,432,432 over the last three months.

Institutional Trading of Karman

Institutional investors and hedge funds have recently modified their holdings of the business. Global Trust Asset Management LLC purchased a new stake in shares of Karman during the second quarter valued at approximately $50,000. Penserra Capital Management LLC purchased a new stake in shares of Karman during the second quarter valued at approximately $95,000. Amalgamated Bank purchased a new stake in shares of Karman during the second quarter valued at approximately $100,000. SBI Securities Co. Ltd. purchased a new stake in shares of Karman during the first quarter valued at approximately $107,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Karman during the second quarter valued at approximately $123,000.

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.

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