Needham & Company LLC Reaffirms Buy Rating for Karman (NYSE:KRMN)

Key Points

• Needham & Company reaffirmed a Buy on Karman with a $125 price objective, implying about a 42.27% upside from the current share price.
• The stock has a consensus rating of “Moderate Buy” (average target $117.10) after several firms raised targets; analyst mix: 1 Strong Buy, 8 Buy, 1 Hold and 1 Sell.
• Karman reported Q results with EPS $0.11 (in line) and revenue of $134.49M—up 47.5% year‑over‑year—but trades at a stretched valuation with a P/E of 675.91.

Karman (NYSE:KRMN - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $125.00 price objective on the stock. Needham & Company LLC's price objective would indicate a potential upside of 42.27% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird upped their target price on shares of Karman from $115.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, March 20th. BWS Financial restated a "sell" rating and issued a $37.00 target price on shares of Karman in a research note on Friday, March 27th. Evercore upped their target price on shares of Karman from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Piper Sandler upgraded shares of Karman from a "neutral" rating to an "overweight" rating and upped their target price for the company from $110.00 to $127.00 in a research note on Friday, March 6th. Finally, Citigroup upped their target price on shares of Karman from $125.00 to $127.00 and gave the company a "buy" rating in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $117.10.

Karman Stock Performance

Shares of KRMN stock opened at $87.86 on Thursday. The firm has a market capitalization of $11.63 billion, a P/E ratio of 675.91 and a beta of 2.58. The company's fifty day moving average price is $92.18 and its two-hundred day moving average price is $83.34. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. Karman has a 12 month low of $26.60 and a 12 month high of $118.38.

Karman (NYSE:KRMN - Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $134.49 million for the quarter. Karman had a net margin of 3.68% and a return on equity of 13.36%. The business's revenue was up 47.5% on a year-over-year basis.

Institutional Investors Weigh In On Karman

A number of institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. grew its position in shares of Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company's stock valued at $36,000 after buying an additional 108 shares during the last quarter. FIL Ltd grew its position in shares of Karman by 0.6% during the 4th quarter. FIL Ltd now owns 26,072 shares of the company's stock valued at $1,908,000 after buying an additional 155 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $33,000 after buying an additional 164 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company's stock valued at $27,000 after buying an additional 170 shares during the last quarter. Finally, Amalgamated Bank grew its position in Karman by 9.4% in the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company's stock worth $158,000 after purchasing an additional 188 shares during the last quarter.

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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