Karman (NYSE:KRMN) Receives Sell Rating from BWS Financial

Key Points

• BWS Financial reissued a “sell” rating on Karman and set a $37 price target, implying approximately 37% downside from the stock’s reported $58.75 price.
• Analyst sentiment remains mixed: although Karman has a consensus “Moderate Buy” rating and an average target of $95.20, several firms recently reduced price targets, including Piper Sandler, RBC, and Citigroup.
• Karman’s latest quarter exceeded expectations, with earnings of $0.14 per share versus a $0.13 consensus estimate and revenue of $182.06 million, up 58.2% year over year.

Karman (NYSE:KRMN - Get Free Report)'s stock had its "sell" rating reissued by BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $37.00 target price on the stock. BWS Financial's price target would indicate a potential downside of 37.02% from the stock's current price.

Other research analysts have also recently issued research reports about the company. Piper Sandler restated an "overweight" rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a research report on Friday. Weiss Ratings cut Karman from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, June 29th. Truist Financial raised Karman to a "strong-buy" rating in a report on Friday, May 1st. Royal Bank Of Canada lowered their target price on Karman from $100.00 to $85.00 and set an "outperform" rating for the company in a research note on Friday, July 24th. Finally, Citigroup dropped their price objective on shares of Karman from $97.00 to $76.00 and set a "buy" rating for the company in a research note on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Karman has a consensus rating of "Moderate Buy" and an average target price of $95.20.

Karman Stock Performance

KRMN opened at $58.75 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The business has a fifty day simple moving average of $49.86 and a 200 day simple moving average of $72.89. Karman has a 1 year low of $43.68 and a 1 year high of $118.38. The company has a market capitalization of $7.79 billion, a PE ratio of 202.59 and a beta of 0.56.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $182.06 million for the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company's revenue was up 58.2% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share. Research analysts expect that Karman will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Karman

Institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in Karman during the 1st quarter worth about $10,199,000. Goldman Sachs Group Inc. acquired a new stake in shares of Karman during the 1st quarter worth approximately $17,371,000. Jane Street Group LLC acquired a new position in shares of Karman during the 1st quarter valued at $532,000. Rhumbline Advisers acquired a new stake in Karman in the second quarter worth $1,316,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Karman during the second quarter valued at about $554,000.

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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