Karman (NYSE:KRMN) Shares Down 7.3% – Here’s Why

Karman Holdings Inc. (NYSE:KRMN)’s share price dropped 7.3% during trading on Monday . The company traded as low as $54.00 and last traded at $53.2750. Approximately 1,125,308 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 2,185,691 shares. The stock had previously closed at $57.50.

Analyst Ratings Changes

KRMN has been the topic of a number of research reports. Evercore set a $100.00 price target on Karman in a report on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Karman in a report on Tuesday. Citigroup cut their price target on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Finally, BWS Financial restated a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.60.

Karman Trading Up 1.8%

The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. The business has a 50-day moving average of $75.47 and a 200-day moving average of $81.86. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 237.55 and a beta of 0.33.

Karman (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.Karman’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Research analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current year.

Institutional Trading of Karman

Institutional investors and hedge funds have recently bought and sold shares of the business. AustralianSuper Pty Ltd bought a new stake in Karman in the fourth quarter valued at approximately $33,679,000. Congress Asset Management Co. bought a new stake in Karman in the fourth quarter valued at approximately $24,212,000. UBS Group AG raised its stake in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after buying an additional 471,894 shares during the period. Federated Hermes Inc. bought a new stake in Karman in the third quarter valued at approximately $2,055,000. Finally, Aubrey Capital Management Ltd bought a new stake in Karman in the fourth quarter valued at approximately $3,687,000.

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.