Karman Holdings Inc. (NYSE:KRMN) Receives $105.60 Average Price Target from Analysts

Karman Holdings Inc. (NYSE:KRMN) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $103.50.

A number of research analysts recently weighed in on KRMN shares. Citigroup decreased their price target on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Karman in a research note on Tuesday, June 2nd. Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Evercore set a $100.00 price target on shares of Karman in a research note on Wednesday, May 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Karman in a report on Thursday, April 9th.

Institutional Investors Weigh In On Karman

Several hedge funds and other institutional investors have recently made changes to their positions in KRMN. Vanguard Group Inc. increased its position in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after purchasing an additional 5,621,556 shares during the last quarter. Invesco Ltd. lifted its holdings in Karman by 27.3% in the fourth quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock valued at $299,166,000 after acquiring an additional 877,462 shares during the last quarter. State Street Corp grew its position in Karman by 35.0% in the fourth quarter. State Street Corp now owns 3,326,430 shares of the company’s stock worth $243,395,000 after acquiring an additional 862,089 shares during the period. First Trust Advisors LP grew its position in Karman by 3.3% in the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock worth $231,480,000 after acquiring an additional 93,565 shares during the period. Finally, Van ECK Associates Corp increased its stake in Karman by 125.3% during the fourth quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after acquiring an additional 1,594,518 shares during the last quarter.

Karman Trading Down 0.2%

KRMN stock opened at $56.26 on Monday. Karman has a 52-week low of $43.49 and a 52-week high of $118.38. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The firm has a market cap of $7.46 billion, a P/E ratio of 244.60 and a beta of 0.51. The company’s 50-day simple moving average is $57.56 and its 200-day simple moving average is $79.35.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same quarter in the previous year, the business earned $0.05 EPS. Karman’s revenue for the quarter was up 51.0% compared to the same quarter last year. As a group, equities analysts forecast that Karman will post 0.58 EPS for the current fiscal year.

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.