Karman (NYSE:KRMN) Stock Rating Upgraded by Barclays

Karman (NYSE:KRMN) was upgraded by research analysts at Barclays to a “strong-buy” rating in a report issued on Friday, Zacks reports.

Several other analysts have also commented on the stock. Piper Sandler reissued an “overweight” rating and set a $91.00 target price (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Truist Financial dropped their price target on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday, August 10th. Finally, Needham & Company LLC decreased their target price on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $87.33.

Karman Price Performance

Shares of Karman stock opened at $32.77 on Friday. 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 company’s 50-day moving average price is $43.61 and its two-hundred day moving average price is $56.09. Karman has a 52 week low of $30.87 and a 52 week high of $118.38. The stock has a market cap of $4.34 billion, a PE ratio of 112.99 and a beta of 0.64.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating 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 during the quarter. The business’s revenue for the quarter was up 58.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that Karman will post 0.59 EPS for the current fiscal year.

Insider Activity

In other news, Director David Stinnett purchased 27,000 shares of Karman stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average price of $37.32 per share, for a total transaction of $1,007,640.00. Following the transaction, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. The trade was a 0.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.77% of the stock is owned by corporate insiders.

Institutional Trading of Karman

Several large investors have recently added to or reduced their stakes in KRMN. Parkside Financial Bank & Trust increased its stake in Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 486 shares during the period. CX Institutional acquired a new stake in shares of Karman during the 2nd quarter valued at $28,000. Tsfg LLC acquired a new stake in shares of Karman during the 2nd quarter valued at $30,000. Wilkerson Advisory Group LLC purchased a new position in shares of Karman during the 1st quarter valued at $77,000. Finally, Hilltop National Bank increased its stake 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 acquiring an additional 588 shares during the last quarter.

About Karman

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.