Karman's (KRMN) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Karman's stock (NYSE:KRMN) received a "sell (D+)" rating from Weiss Ratings, which could signal caution for investors considering this stock.
• Recent analyst ratings show a mix of opinions, with two analysts giving a Strong Buy rating, while Karman's average price target stands at $68.00.
• The company reported earnings of $0.10 per share for the last quarter, falling short of expectations, and experienced a revenue increase of 35.3% year-over-year.

Karman (NYSE:KRMN - Get Free Report)'s stock had its "sell (d+)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently commented on KRMN. Royal Bank Of Canada increased their price objective on shares of Karman from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Raymond James Financial began coverage on shares of Karman in a research report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 price objective on the stock. Finally, Evercore ISI increased their price objective on shares of Karman from $58.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $68.00.

Karman Stock Up 1.9%

Shares of KRMN opened at $76.61 on Wednesday. Karman has a fifty-two week low of $25.02 and a fifty-two week high of $77.87. The firm's 50 day moving average price is $59.37 and its 200 day moving average price is $47.93. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30.

Karman (NYSE:KRMN - Get Free Report) last announced its earnings results 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). Karman's revenue for the quarter was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Insider Activity at Karman

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

Institutional Trading of Karman

A number of large investors have recently bought and sold shares of the business. Bamco Inc. NY boosted its stake in Karman by 0.6% during the 2nd quarter. Bamco Inc. NY now owns 2,415,134 shares of the company's stock worth $121,650,000 after purchasing an additional 14,486 shares during the period. Invesco Ltd. lifted its stake in shares of Karman by 26.8% in the 2nd quarter. Invesco Ltd. now owns 1,905,052 shares of the company's stock worth $95,957,000 after acquiring an additional 402,346 shares during the period. Vanguard Group Inc. acquired a new stake in shares of Karman in the 1st quarter worth $61,024,000. Bank of New York Mellon Corp lifted its stake in shares of Karman by 162.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,770,498 shares of the company's stock worth $89,180,000 after acquiring 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 1st quarter worth $58,799,000.

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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