Karman (NYSE:KRMN) Given “Overweight” Rating at Piper Sandler

Piper Sandler restated their overweight rating on shares of Karman (NYSE:KRMN) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $60.00 price target on the stock, up from their previous price target of $59.00.

A number of other research analysts have also recently weighed in on the company. UBS Group set a $40.00 target price on Karman in a report on Thursday, October 22nd. Royal Bank Of Canada dropped their price target on Karman from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. KeyCorp cut their price objective on Karman from $100.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 2nd. Needham & Company LLC reduced their price target on shares of Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

Karman Trading Up 40.4%

KRMN traded up $12.97 during midday trading on Friday, hitting $45.06. The company’s stock had a trading volume of 10,164,826 shares, compared to its average volume of 2,970,484. Karman has a 52-week low of $29.34 and a 52-week high of $118.38. The firm has a 50-day moving average price of $35.93 and a two-hundred day moving average price of $62.50. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. The firm has a market cap of $5.97 billion, a P/E ratio of 115.54 and a beta of 0.45.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Karman had a net margin of 6.31% and a return on equity of 15.54%. The business had revenue of $201.62 million for the quarter. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s revenue was up 65.6% on a year-over-year basis. On average, research analysts anticipate that Karman will post 0.59 earnings per share for the current year.

Insider Activity

In related news, Director David Stinnett bought 27,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was bought at an average price of $37.32 per share, with a total value of $1,007,640.00. Following the transaction, the director owned 3,530,395 shares of the company’s stock, valued at approximately $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.77% of the company’s stock.

Hedge Funds Weigh In On Karman

Hedge funds have recently bought and sold shares of the company. Grandeur Peak Global Advisors LLC raised its position in shares of Karman by 98.4% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 59,025 shares of the company’s stock valued at $2,947,000 after acquiring an additional 29,281 shares in the last quarter. Readystate Asset Management LP acquired a new position in Karman in the second quarter worth $5,675,000. Vontobel Holding Ltd. increased its stake in Karman by 53.3% during the third quarter. Vontobel Holding Ltd. now owns 131,881 shares of the company’s stock valued at $4,276,000 after purchasing an additional 45,847 shares during the last quarter. Wellington Management Group LLP bought a new stake in Karman during the second quarter valued at $16,086,000. Finally, Bouvel Investment Partners LLC bought a new stake in Karman during the third quarter valued at $1,841,000.

Key Headlines Impacting Karman

Here are the key news stories impacting Karman this week:

• Positive Sentiment: Third-quarter adjusted EPS was $0.19, topping the $0.16 consensus estimate and doubling the year-ago $0.10. Revenue reached $201.62 million, up 65.6% year over year. Karman Q3 earnings and revenue beat estimates
• Positive Sentiment: Karman raised FY 2026 revenue guidance to $755 million–$760 million, above the $742.2 million analyst consensus. Its reported backlog of $1.7 billion adds support for the growth outlook. Karman’s revenue outlook and backlog
• Positive Sentiment: Piper Sandler reaffirmed its Overweight rating and raised its price target to $60 from $59. Piper Sandler rating update
• Negative Sentiment: Needham lowered its price target to $50 from $80, although it kept a Buy rating. The cut tempers the otherwise favorable analyst response to the results. Needham price-target update

Karman Company Profile

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company’s capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.