Karman (NYSE:KRMN) Upgraded at Truist Financial

Key Points

• Truist Financial upgraded Karman (NYSE:KRMN) to a strong-buy in a research note issued Friday.
• Analyst consensus is a Moderate Buy with a $117.10 average price target, based on 2 Strong Buy, 7 Buy, 1 Hold and 1 Sell ratings.
• Karman reported $0.11 EPS (meeting estimates) and revenue of $134.49M, up 47.5% year‑over‑year, while the stock opened at $65.37 (down 3.8%) and trades at a P/E of 502.85.

Karman (NYSE:KRMN - Get Free Report) was upgraded by Truist Financial to a "strong-buy" rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. BWS Financial restated a "sell" rating and issued a $37.00 price target on shares of Karman in a report on Friday, March 27th. Weiss Ratings cut Karman from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, April 24th. KeyCorp raised their price objective on Karman from $80.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. Royal Bank Of Canada raised their target price on shares of Karman from $85.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $117.10.

Karman Trading Down 3.8%

Shares of KRMN opened at $65.37 on Friday. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 502.85 and a beta of 0.69. The firm has a 50 day simple moving average of $88.66 and a 200-day simple moving average of $84.15. Karman has a 1-year low of $36.11 and a 1-year high of $118.38. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $134.49 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business's revenue for the quarter was up 47.5% on a year-over-year basis. Equities analysts forecast that Karman will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Karman

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company's stock valued at $683,571,000 after purchasing an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. acquired a new stake in Karman during the 3rd quarter worth $319,861,000. Donaldson Capital Management LLC acquired a new stake in Karman during the 3rd quarter worth $252,803,000. Falcon Wealth Planning acquired a new stake in Karman during the 1st quarter worth $205,684,000. Finally, Schusterman Interests LLC acquired a new stake in Karman during the 3rd quarter worth $148,024,000.

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. 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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