Moody Aldrich Partners LLC Makes New $6.25 Million Investment in Karman Holdings Inc. $KRMN

Moody Aldrich Partners LLC purchased a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the second quarter, HoldingsChannel reports. The fund purchased 123,989 shares of the company’s stock, valued at approximately $6,245,000. Karman comprises 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 25th largest holding.

A number of other hedge funds have also recently made changes to their positions in KRMN. Global Trust Asset Management LLC purchased a new stake in shares of Karman during the second quarter worth about $50,000. Amalgamated Bank purchased a new stake in Karman during the 2nd quarter valued at approximately $100,000. SBI Securities Co. Ltd. bought a new stake in shares of Karman during the first quarter valued at approximately $107,000. US Bancorp DE purchased a new position in shares of Karman in the first quarter worth $124,000. Finally, Hollencrest Capital Management bought a new position in shares of Karman during the first quarter worth $155,000.

Wall Street Analyst Weigh In

Several analysts have commented on KRMN shares. Royal Bank Of Canada boosted their price target on shares of Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Evercore ISI lifted their target price on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d+)” rating on shares of Karman in a research note on Wednesday, October 8th. Raymond James Financial started coverage on Karman in a report on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price target for the company. Finally, Truist Financial assumed coverage on Karman in a report on Friday, October 10th. They set a “buy” rating and a $89.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.50.

Karman Stock Down 0.1%

Shares of NYSE:KRMN opened at $85.71 on Friday. The company has a market cap of $11.34 billion and a price-to-earnings ratio of 571.42. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $88.82. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $68.87 and a 200 day moving average price of $53.29.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The business had revenue of $115.10 million during the quarter. The business’s revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Karman 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.