Karman (NYSE:KRMN) Reaches New 12-Month Low – Here’s What Happened

Karman Holdings Inc. (NYSE:KRMN)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.68 and last traded at $44.2960, with a volume of 190816 shares traded. The stock had previously closed at $44.88.

Analyst Ratings Changes

A number of brokerages recently weighed in on KRMN. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Karman in a research report on Tuesday, June 2nd. KeyCorp lowered their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Evercore set a $100.00 price target on shares of Karman in a research report on Wednesday, May 13th. Finally, Piper Sandler decreased their price target on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Karman currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Karman Price Performance

The firm has a market cap of $5.92 billion, a P/E ratio of 194.54 and a beta of 0.51. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The company has a fifty day moving average price of $53.65 and a two-hundred day moving average price of $77.40.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up 51.0% compared to the same quarter last year. Equities analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

Institutional Trading of Karman

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the last quarter. CX Institutional acquired a new stake in Karman in the 2nd quarter valued at approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Karman in the 3rd quarter valued at approximately $29,000. Finally, Huntington National Bank acquired a new position in Karman during the 4th quarter worth approximately $32,000.

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.