Karman (NYSE:KRMN) Hits New 12-Month Low – Time to Sell?

Karman Holdings Inc. (NYSE:KRMN) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $43.32 and last traded at $42.80, with a volume of 158264 shares. The stock had previously closed at $45.57.

Analyst Ratings Changes

A number of analysts recently commented on KRMN shares. Truist Financial decreased their price objective on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. KeyCorp dropped their target price on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Piper Sandler reissued an “overweight” rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada decreased their price objective on shares of Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus price target of $92.10.

Karman Trading Down 6.0%

The business’s 50 day moving average is $51.46 and its 200-day moving average is $67.68. The firm has a market cap of $5.68 billion, a P/E ratio of 148.23 and a beta of 0.55. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The business had revenue of $182.06 million for the quarter. During the same period in the previous year, the business posted $0.10 EPS. The business’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, analysts forecast that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Karman

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Karman by 151.1% during the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Invesco Ltd. increased its position in shares of Karman by 27.3% during the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock valued at $299,166,000 after purchasing an additional 877,462 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Karman by 5,549.9% in the second quarter. California State Teachers Retirement System now owns 3,452,367 shares of the company’s stock valued at $172,342,000 after buying an additional 3,391,262 shares during the period. State Street Corp lifted its holdings in shares of Karman by 35.0% in the fourth quarter. State Street Corp now owns 3,326,430 shares of the company’s stock valued at $243,395,000 after buying an additional 862,089 shares during the period. Finally, First Trust Advisors LP boosted its stake in Karman by 3.3% during the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after buying an additional 93,565 shares in the last quarter.

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.