BWS Financial Begins Coverage on Karman (NYSE:KRMN)

BWS Financial assumed coverage on shares of Karman (NYSE:KRMN) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set a “sell” rating and a $37.00 price target on the stock. BWS Financial’s price objective points to a potential downside of 64.62% from the company’s current price.

KRMN has been the topic of a number of other research reports. KeyCorp began coverage on shares of Karman in a research report on Thursday, December 18th. They issued an “overweight” rating and a $80.00 price target on the stock. Royal Bank Of Canada dropped their price target on Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Truist Financial set a $118.00 price objective on Karman in a research note on Friday. Evercore ISI upped their target price on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Citigroup initiated coverage on shares of Karman in a research note on Thursday, December 11th. They set a “buy” rating and a $84.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Karman has an average rating of “Moderate Buy” and an average target price of $78.63.

Karman Trading Down 1.6%

Shares of KRMN stock traded down $1.65 during trading hours on Monday, hitting $104.57. 177,636 shares of the company’s stock traded hands, compared to its average volume of 1,999,684. The stock has a market cap of $13.84 billion and a PE ratio of 426.18. Karman has a 12 month low of $25.02 and a 12 month high of $109.22. The stock’s 50 day simple moving average is $72.06 and its 200 day simple moving average is $64.57. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a return on equity of 11.11% and a net margin of 2.65%.The company’s quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 EPS.

Insider Buying and Selling at Karman

In related news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the transaction, the insider directly owned 504,939 shares of the company’s stock, valued at $32,280,750.27. This trade represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Beaudoin sold 74,000 shares of Karman stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the transaction, the chief operating officer directly owned 666,861 shares in the company, valued at approximately $42,472,377.09. This represents a 9.99% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 251,000 shares of company stock worth $15,419,170.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC increased its position in shares of Karman by 56.4% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares during the period. Wexford Capital LP bought a new position in Karman in the third quarter worth about $41,000. Finally, Hilltop National Bank purchased a new stake in Karman in the fourth quarter worth about $42,000.

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.