Karman (NYSE:KRMN) Price Target Cut to $80.00 by Analysts at Needham & Company LLC

Karman (NYSE:KRMN) had its price target cut by Needham & Company LLC from $125.00 to $80.00 in a research note published on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other analysts also recently weighed in on the stock. Piper Sandler cut their price target on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings lowered shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. BWS Financial reissued a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Monday, May 18th. Citigroup dropped their price objective on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, KeyCorp decreased 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. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Karman Price Performance

Shares of KRMN stock opened at $58.75 on Friday. Karman has a 1 year low of $43.68 and a 1 year high of $118.38. 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 firm’s 50 day moving average is $49.86 and its 200-day moving average is $73.14. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 202.59 and a beta of 0.55.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.89% and a net margin of 6.31%.The firm had revenue of $182.06 million during the quarter. During the same quarter in the previous year, the business earned $0.10 earnings per share. Karman’s revenue for the quarter was up 58.2% compared to the same quarter last year. Sell-side analysts forecast that Karman will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of 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 period. Invesco Ltd. boosted its stake in Karman by 27.3% in 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. State Street Corp grew its holdings in Karman by 35.0% in the 4th 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 in the last quarter. First Trust Advisors LP grew its holdings in Karman by 3.3% in the 1st 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. Finally, Van ECK Associates Corp increased its position in Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after buying an additional 1,594,518 shares during the period.

Key Karman News

Here are the key news stories impacting Karman this week:

• Positive Sentiment: Q2 earnings beat expectations: Karman reported adjusted earnings of $0.14 per share versus the $0.13 consensus estimate, compared with $0.10 a year earlier. Revenue reached approximately $182.1 million, a 58.2% year-over-year increase. Karman Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Profitability improved substantially: Gross profit rose to $78.2 million and operating profit to $34.8 million. Net income attributable to common shareholders more than doubled to $14.0 million, while diluted EPS increased 120% year over year to $0.11. Cash increased to $51.7 million and total liabilities declined. Karman Stock Rises on Q2 2026 Earnings
• Positive Sentiment: Full-year revenue outlook is broadly in line with expectations: Karman issued fiscal 2026 revenue guidance of $730 million to $745 million, compared with the consensus estimate of $731.4 million. Karman Space and Defense Q2 Results
• Positive Sentiment: Needham retained a Buy rating: Although the firm reduced its price target from $125 to $80, the new target still implies substantial upside from the referenced share price, providing continued analyst support. Benzinga analyst update
• Positive Sentiment: Financing costs may decline: Karman amended its credit agreement to refinance debt and lower interest expenses, which could support future earnings and cash flow. Karman Refinances Credit Agreement
• Negative Sentiment: Target reduction signals valuation concerns: Needham’s cut from $125 to $80 indicates a more cautious view on valuation or near-term upside, even though the firm remains constructive on the stock.

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.