Piper Sandler Begins Coverage on Karman (NYSE:KRMN)

Investment analysts at Piper Sandler started coverage on shares of Karman (NYSE:KRMN) in a report released on Wednesday, Marketbeat reports. The firm set a “hold” rating on the stock.

KRMN has been the subject of several other reports. Truist Financial set a $118.00 price objective on Karman in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Evercore ISI lifted their price objective on Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup boosted their price objective on Karman from $123.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Finally, BWS Financial restated a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.67.

Karman Price Performance

Shares of NYSE:KRMN opened at $111.61 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $14.77 billion and a PE ratio of 446.44. The firm’s 50 day moving average price is $78.18 and its 200-day moving average price is $68.12. Karman has a twelve month low of $25.02 and a twelve month high of $116.90.

Karman (NYSE:KRMN) last announced its earnings results on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Karman had a net margin of 2.65% and a return on equity of 11.11%. The company had revenue of $121.79 million during the quarter. During the same quarter last year, the firm posted $0.04 earnings per share. The business’s quarterly revenue was up 41.7% compared to the same quarter last year.

Insider Buying and Selling at Karman

In related news, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the transaction, the chief financial officer directly owned 859,709 shares of the company’s stock, valued at approximately $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the completion of the sale, the insider owned 504,939 shares in the company, valued at approximately $32,280,750.27. The trade was a 10.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 251,000 shares of company stock valued at $15,419,170 in the last three months.

Institutional Investors Weigh In On Karman

A number of hedge funds have recently made changes to their positions in KRMN. GAMMA Investing LLC grew its holdings in 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 in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Karman during the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted 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 acquiring an additional 164 shares during the last quarter. Wexford Capital LP purchased a new position in shares of Karman in the third quarter valued at $41,000. Finally, Hilltop National Bank bought a new stake in Karman in the fourth quarter worth $42,000.

Key Headlines Impacting Karman

Here are the key news stories impacting Karman this week:

• Positive Sentiment: Material FY?2026 revenue upgrade and FY?2025 guidance update. Management raised FY?2026 revenue guidance to $700.0M–$715.0M (vs. consensus ~ $579M) and updated FY?2025 revenue guidance above prior expectations — this materially improves forward top?line expectations and underpins upward EPS and valuation revisions. Business Wire: Guidance & Conference Call
• Positive Sentiment: Seemann & MSC acquisition / maritime expansion — investor call scheduled. Management is hosting a call to outline the Seemann and MSC deal and maritime market strategy; analysts and investors view the transaction as a catalyst to boost access to U.S. Navy programs and lift 2026 results. TMCNet: Conference Call Announcement
• Positive Sentiment: Citigroup raised its price target and reiterated a Buy. Citi increased its PT from $123 to $125 and keeps a Buy rating, signaling institutional confidence and giving investors a higher upside anchor. Benzinga: Citi PT Raise
• Positive Sentiment: Media coverage highlights Navy-market opportunity and premarket strength. Barron’s and MSN pieces spotlight Karman as a leader in premarket gains and emphasize that the Seemann/MSC deal improves access to Navy programs — useful narrative support for the stock’s rally. Barron’s: Premarket Coverage MSN: Seemann/MSC Deal
• Neutral Sentiment: Piper Sandler initiated coverage with a Neutral. New coverage often brings fresh attention and liquidity but a Neutral opinion tempers immediate upside expectations. MSN: Piper Sandler Initiates
• Neutral Sentiment: Comparative/sector analysis appeared today. A head?to?head piece comparing Karman to BWX Technologies circulated — useful context for investors but not a direct stock catalyst. American Banking News: Head-to-Head
• Negative Sentiment: BWS Financial reaffirmed a Sell with a $37 PT (large downside vs current levels). BWS’s sell rating and $37 target imply a steep potential downside (~66.8% from current trading), which could pressure sentiment for some investors and increase short?term volatility. Benzinga: BWS Sell Rating TickerReport: BWS Coverage

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.