Karman Holdings Inc. (NYSE:KRMN) Stock Has Consensus Price Target of $88.09 According to Analysts

Shares of Karman Holdings Inc. (NYSE:KRMN) have received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $87.33.

KRMN has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on shares of Karman from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. Truist Financial cut their price objective on Karman from $118.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Needham & Company LLC reduced their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Guggenheim assumed coverage on Karman in a research note on Monday, September 14th. They issued a “buy” rating and a $63.00 target price on the stock. Finally, Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday.

Karman Stock Performance

KRMN stock opened at $32.77 on Wednesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The stock has a market cap of $4.34 billion, a P/E ratio of 112.99 and a beta of 0.64. The firm has a 50 day simple moving average of $43.61 and a 200 day simple moving average of $56.09. Karman has a 52 week low of $30.87 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The firm had revenue of $182.06 million for the quarter. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 58.2% on a year-over-year basis. Research analysts anticipate that Karman will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David Stinnett purchased 27,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of $37.32 per share, with a total value of $1,007,640.00. Following the purchase, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. This represents a 0.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Karman

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its holdings in Karman by 3,471.4% in the second quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock worth $25,000 after purchasing an additional 486 shares in the last quarter. CX Institutional bought a new position in Karman during the second quarter valued at about $28,000. Tsfg LLC bought a new position in Karman during the second quarter valued at about $30,000. Wilkerson Advisory Group LLC acquired a new stake in shares of Karman in the first quarter worth about $77,000. Finally, Hilltop National Bank lifted its position in shares of Karman by 87.8% in the second quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock worth $63,000 after buying an additional 588 shares during the last quarter.

Karman Company Profile

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.