Karman (NYSE:KRMN) Hits New 12-Month High - Should You Buy?

Key Points

• Karman Holdings Inc. shares reached a new 52-week high of $66.29 on Wednesday, closing at $64.85 with a trading volume of 1,265,877 shares.
• Analysts have given Karman an average rating of "Buy" with a consensus target price of $60.60, including several ratings upgrades earlier this year.
• Insider trading has seen significant activity, with a major shareholder selling over 23.6 million shares at an average price of $49.00, indicating a 31.89% decrease in their ownership of the stock.

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 $66.29 and last traded at $64.85, with a volume of 1265877 shares traded. The stock had previously closed at $63.80.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KRMN shares. Citigroup restated a "buy" rating and issued a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. Raymond James Financial started coverage on Karman in a report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 price objective on the stock. Finally, Royal Bank Of Canada raised their price objective on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $60.60.

Karman Stock Up 1.2%

The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75. The stock has a 50-day moving average of $54.24 and a 200-day moving average of $44.48.

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

Insiders Place Their Bets

In other Karman news, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the sale, the chief operating officer owned 740,861 shares of the company's stock, valued at $36,302,189. The trade was a 9.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of Karman stock in a transaction 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 sale, the insider directly owned 566,939 shares in the company, valued at $27,780,011. The trade was a 9.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,865,968 shares of company stock worth $1,169,432,432 over the last 90 days.

Institutional Trading of Karman

Several institutional investors have recently modified their holdings of the company. Bamco Inc. NY lifted its holdings in shares of Karman by 0.6% in the second quarter. Bamco Inc. NY now owns 2,415,134 shares of the company's stock valued at $121,650,000 after buying an additional 14,486 shares during the period. Invesco Ltd. lifted its holdings in shares of Karman by 26.8% in the second quarter. Invesco Ltd. now owns 1,905,052 shares of the company's stock valued at $95,957,000 after buying an additional 402,346 shares during the period. Vanguard Group Inc. acquired a new stake in shares of Karman in the first quarter valued at $61,024,000. Bank of New York Mellon Corp lifted its holdings in shares of Karman by 162.8% in the second quarter. Bank of New York Mellon Corp now owns 1,770,498 shares of the company's stock valued at $89,180,000 after buying an additional 1,096,790 shares during the period. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Karman in the first quarter valued at $58,799,000.

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.