Key Points
- Director David Stinnett bought 27,000 Karman shares for approximately $1.01 million at an average price of $37.32, increasing his ownership to 3.53 million shares.
- Karman’s latest quarter showed strong growth, with revenue rising 58.2% year over year to $182.06 million and EPS of $0.14, beating estimates by $0.01.
- Analysts have a “Moderate Buy” consensus and an average price target of $89.45, although the stock remains technically weak and carries a high valuation with a P/E ratio above 120.
Karman Holdings Inc. (NYSE:KRMN - Get Free Report) Director Stephen Twitty bought 275 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $36.79 per share, for a total transaction of $10,117.25. Following the transaction, the director owned 2,638 shares of the company's stock, valued at $97,052.02. The trade was a 11.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Karman Stock Performance
KRMN opened at $35.90 on Friday. The business's 50-day simple moving average is $47.83 and its 200 day simple moving average is $63.14. Karman Holdings Inc. has a 52-week low of $33.99 and a 52-week high of $118.38. 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 firm has a market capitalization of $4.76 billion, a PE ratio of 123.78 and a beta of 0.47.
Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The firm had revenue of $182.06 million during the quarter. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm's revenue for the quarter was up 58.2% compared to the same quarter last year. As a group, sell-side analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
KRMN has been the topic of several analyst reports. BWS Financial reaffirmed a "sell" rating and set a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Needham & Company LLC decreased their price objective on shares of Karman from $125.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Weiss Ratings lowered shares of Karman from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 10th. Guggenheim initiated coverage on shares of Karman in a report on Monday. They issued a "buy" rating and a $63.00 target price on the stock. Finally, Truist Financial cut their target price on shares of Karman from $118.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Karman has an average rating of "Moderate Buy" and an average price target of $89.45.
Get Our Latest Stock Report on KRMN
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. First Trust Advisors LP raised its stake in Karman by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company's stock valued at $231,480,000 after acquiring an additional 93,565 shares during the period. Van ECK Associates Corp boosted its position in Karman by 125.3% during the fourth quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company's stock worth $209,806,000 after purchasing an additional 1,594,518 shares during the period. Falcon Wealth Planning acquired a new position in shares of Karman in the first quarter valued at $205,684,000. Trustees of the University of Pennsylvania acquired a new position in shares of Karman in the fourth quarter valued at $142,869,000. Finally, Bank of New York Mellon Corp raised its position in shares of Karman by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,495,619 shares of the company's stock valued at $109,434,000 after purchasing an additional 184,099 shares during the period.
More Karman News
Here are the key news stories impacting Karman this week:
- Positive Sentiment: Three Karman directors recently reported stock purchases, signaling confidence in the company’s valuation after the selloff. Director David Stinnett bought 27,000 shares worth approximately $1.01 million, while Stephen Twitty acquired 275 shares for about $10,117. Karman Holdings Insider Trio Makes Bold Moves With Fresh Stock Buys
- Positive Sentiment: Guggenheim upgraded Karman to “Strong Buy,” adding bullish analyst support and potentially improving investor sentiment.
- Positive Sentiment: Brokerages collectively maintain a “Moderate Buy” consensus recommendation, suggesting analysts generally view the recent weakness as an opportunity rather than a deterioration in the business outlook. Karman Holdings Given Consensus Recommendation of Moderate Buy
- Neutral Sentiment: The insider purchases were made near $37 per share and increase the directors’ holdings, but insider transactions alone do not guarantee improved operating results or a sustained recovery.
- Negative Sentiment: KRMN was included among mid-cap industrial stocks with the weakest momentum grades, reflecting continued technical weakness. The shares remain well below their 50-day and 200-day moving averages and close to their 52-week low.
- Negative Sentiment: The stock’s valuation remains demanding, with a price-to-earnings ratio above 120, which could limit upside if earnings growth does not justify the premium.
About Karman
(
Get Free Report)
Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.
The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.
Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.
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