Karman (NYSE:KRMN) Reaches New 52-Week High - Should You Buy?

Key Points

• Karman Holdings Inc. (NYSE: KRMN) reached a new 52-week high at $74.51, last trading at $72.76 with significant volume.
• Analyst ratings for Karman show a consensus of Buy, with target prices ranging from $57.00 to $100.00, indicating strong market confidence.
• Insider trading activity revealed significant sales, with executives liquidating large positions, amounting to over $1.1 billion in stock sales in the last 90 days.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price hit a new 52-week high on Monday . The company traded as high as $74.51 and last traded at $72.76, with a volume of 118499 shares traded. The stock had previously closed at $68.42.

Analyst Ratings Changes

Several research firms recently commented on KRMN. Royal Bank Of Canada increased their target price on shares of Karman from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Raymond James Financial began coverage on shares of Karman in a research note on Friday, September 5th. They set a "strong-buy" rating and a $100.00 target price for the company. Citigroup reissued a "buy" rating and set a $58.00 target price (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Finally, Evercore ISI set a $75.00 target price on shares of Karman and gave the company an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $68.00.

Karman Trading Up 5.5%

The company has a debt-to-equity ratio of 1.30, a current ratio of 2.75 and a quick ratio of 2.58. The company's 50 day simple moving average is $55.75 and its two-hundred day simple moving average is $45.94.

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

Insider Activity at Karman

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the company'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 $3,038,000.00. Following the transaction, the insider owned 566,939 shares in the company, valued at approximately $27,780,011. This represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Willis sold 100,000 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the transaction, the chief financial officer owned 974,709 shares in the company, valued at approximately $47,760,741. This trade represents a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,865,968 shares of company stock worth $1,169,432,432 in the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KRMN. Bank of New York Mellon Corp acquired a new position in shares of Karman during the 1st quarter worth $22,515,000. Caas Capital Management LP bought a new position in Karman in the 1st quarter worth $3,192,000. Stephens Investment Management Group LLC bought a new position in Karman in the 1st quarter worth $8,740,000. SBI Securities Co. Ltd. bought a new position in Karman in the 1st quarter worth $107,000. Finally, TimesSquare Capital Management LLC bought a new position in Karman in the 1st quarter worth $14,891,000.

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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