Karman (NYSE:KRMN) Shares Down 7.9% – Time to Sell?

Shares of Karman Holdings Inc. (NYSE:KRMN) traded down 7.9% during trading on Thursday . The stock traded as low as $54.02 and last traded at $53.6070. 468,644 shares traded hands during trading, a decline of 82% from the average session volume of 2,651,053 shares. The stock had previously closed at $58.20.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler restated an “overweight” rating and issued a $91.00 price objective (down from $114.00) on shares of Karman in a report on Friday, August 7th. Evercore set a $100.00 target price on shares of Karman in a research report on Wednesday, May 13th. Royal Bank Of Canada decreased their target price on shares of Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, July 24th. KeyCorp lowered their price target 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. Finally, Truist Financial reduced their price objective on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.10.

Karman Stock Down 1.8%

The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. The company has a 50-day simple moving average of $51.68 and a two-hundred day simple moving average of $69.67. The stock has a market cap of $7.07 billion, a P/E ratio of 184.04 and a beta of 0.55.

Karman (NYSE:KRMN) last issued its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company had revenue of $182.06 million for the quarter. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 58.2% compared to the same quarter last year. On average, equities analysts forecast that Karman Holdings Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Karman

Hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. grew its stake in shares of Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. FIL Ltd raised its position in Karman by 0.6% during the 4th quarter. FIL Ltd now owns 26,072 shares of the company’s stock valued at $1,908,000 after purchasing an additional 155 shares during the last quarter. Barclays PLC raised its position in Karman by 2.2% during the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock valued at $936,000 after purchasing an additional 273 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after buying an additional 297 shares during the period. Finally, Mark Sheptoff Financial Planning LLC lifted its holdings in Karman by 8.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 4,050 shares of the company’s stock worth $296,000 after buying an additional 300 shares during the period.

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.