Karman’s (KRMN) “Sell” Rating Reaffirmed at BWS Financial

Karman (NYSE:KRMN)‘s stock had its “sell” rating restated by equities research analysts at BWS Financial in a research note issued to investors on Monday,Benzinga reports. They currently have a $37.00 target price on the stock. BWS Financial’s price objective would indicate a potential downside of 43.31% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird increased their price objective on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Truist Financial upgraded Karman to a “strong-buy” rating in a research report on Friday, May 1st. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $110.00 to $127.00 in a research report on Friday, March 6th. Royal Bank Of Canada increased their price objective on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Citigroup lowered their price objective on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned 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 $111.60.

Karman Stock Performance

Shares of NYSE:KRMN traded up $2.50 during trading on Monday, hitting $65.27. 551,994 shares of the company were exchanged, compared to its average volume of 2,088,059. The company has a market cap of $8.65 billion, a PE ratio of 282.96 and a beta of 0.68. The stock has a 50 day moving average of $84.18 and a 200 day moving average of $83.20. Karman has a 52-week low of $41.29 and a 52-week high of $118.38. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm 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%.The business’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. As a group, equities research analysts predict that Karman will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KRMN. AustralianSuper Pty Ltd bought a new stake in shares of Karman in the fourth quarter worth about $33,679,000. Robert Wood Johnson Foundation bought a new stake in shares of Karman in the third quarter worth about $70,488,000. Congress Asset Management Co. bought a new stake in shares of Karman in the fourth quarter worth about $24,212,000. UBS Group AG grew its stake in shares of Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after purchasing an additional 471,894 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Karman in the third quarter worth about $2,055,000.

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.