Karman (NYSE:KRMN) Trading Up 7.4% – Time to Buy?

Shares of Karman Holdings Inc. (NYSE:KRMN) were up 7.4% on Tuesday . The company traded as high as $51.64 and last traded at $51.82. Approximately 2,318,356 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 2,327,142 shares. The stock had previously closed at $48.27.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KRMN shares. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Evercore set a $100.00 target price on shares of Karman in a research report on Wednesday, May 13th. KeyCorp reduced their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. 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. Finally, Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $105.60.

Karman Trading Down 3.2%

The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 218.93 and a beta of 0.32. The business has a 50 day moving average of $66.13 and a 200 day moving average of $80.83. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its 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. The firm had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, research analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Karman

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 5,621,556 shares during the period. Falcon Wealth Planning purchased a new stake in shares of Karman in the first quarter valued at $205,684,000. Schusterman Interests LLC purchased a new stake in shares of Karman in the third quarter valued at $148,024,000. Trustees of the University of Pennsylvania acquired a new position in Karman in the fourth quarter valued at $142,869,000. Finally, First Trust Advisors LP increased its stake in Karman by 2,745.0% in the third quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after purchasing an additional 1,809,284 shares during 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.