Karman (NYSE:KRMN) Stock Price Down 5.9% - What's Next?

Key Points

• Karman shares fell about 5.9% to roughly $91.72 intraday (from a $97.47 close) on Tuesday, with only ~167,587 shares traded—about 91% below the average session volume.
• Multiple analysts (RBC, Raymond James, Citi, KeyCorp) raised price targets and issued positive ratings, leaving a MarketBeat consensus of Moderate Buy and an average target of $103.33.
• Insiders have been net sellers—COO Jonathan Beaudoin sold 74,000 shares and another insider sold 62,000, with total insider sales of 251,000 shares (about $15.4M) in the last quarter.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price traded down 5.9% during trading on Tuesday . The company traded as low as $91.14 and last traded at $91.7230. 167,587 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,778,630 shares. The stock had previously closed at $97.47.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KRMN. Royal Bank Of Canada increased their price target on Karman from $85.00 to $125.00 and gave the company an "outperform" rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Karman in a research report on Monday, December 29th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd. Citigroup increased their price target on Karman from $123.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Finally, KeyCorp boosted their price objective on shares of Karman from $80.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Karman presently has an average rating of "Moderate Buy" and an average target price of $103.33.

Karman Stock Down 7.5%

The business has a fifty day moving average price of $88.23 and a two-hundred day moving average price of $72.96. The firm has a market capitalization of $11.93 billion and a price-to-earnings ratio of 360.96. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Insider Activity

In related news, COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the sale, the chief operating officer directly owned 666,861 shares of the company's stock, valued at approximately $42,472,377.09. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of the firm's stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the sale, the insider owned 504,939 shares in the company, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,000 shares of company stock valued at $15,419,170 in the last quarter.

Hedge Funds Weigh In On Karman

Several hedge funds and other institutional investors have recently modified their holdings of the business. Robert Wood Johnson Foundation purchased a new stake in shares of Karman in the 3rd quarter valued at $70,488,000. Federated Hermes Inc. purchased a new stake in shares of Karman during the third quarter worth approximately $2,055,000. Stephens Investment Management Group LLC raised its holdings in shares of Karman by 32.7% in the 2nd quarter. Stephens Investment Management Group LLC now owns 346,916 shares of the company's stock valued at $17,474,000 after purchasing an additional 85,403 shares in the last quarter. Huntleigh Advisors Inc. acquired a new stake in Karman in the third quarter valued at $2,466,000. Finally, GAM Holding AG purchased a new stake in Karman during the third quarter worth approximately $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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