Karman (NYSE:KRMN) Sets New 12-Month Low – Here’s Why

Karman Holdings Inc. (NYSE:KRMN)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $38.18 and last traded at $37.44, with a volume of 140425 shares trading hands. The stock had previously closed at $39.69.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KRMN. KeyCorp cut 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. Citigroup increased their price target on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, August 10th. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Royal Bank Of Canada reduced their price objective on Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, July 24th. Finally, Piper Sandler reaffirmed 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.10.

Karman Price Performance

The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 118.76 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The company has a fifty day simple moving average of $49.75 and a two-hundred day simple moving average of $65.05.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KRMN. Parkside Financial Bank & Trust increased its position in Karman by 3,471.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after purchasing an additional 486 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the last quarter. CX Institutional acquired a new position in shares of Karman in the 2nd quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman during the third quarter worth $29,000. Finally, Tsfg LLC bought a new position in Karman during the second quarter worth $30,000.

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.