TimesSquare Capital Management LLC raised its holdings in Karman Holdings Inc. (NYSE:KRMN – Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,602,008 shares of the company’s stock after acquiring an additional 55,103 shares during the period. Karman accounts for about 1.8% of TimesSquare Capital Management LLC’s holdings, making the stock its 5th biggest position. TimesSquare Capital Management LLC owned 1.21% of Karman worth $117,219,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Sapient Capital LLC raised its holdings in Karman by 8.5% in the 4th quarter. Sapient Capital LLC now owns 30,580 shares of the company’s stock valued at $2,282,000 after acquiring an additional 2,408 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Karman in the 4th quarter valued at $33,679,000. Aubrey Capital Management Ltd acquired a new position in Karman in the 4th quarter valued at $3,687,000. Diversify Wealth Management LLC acquired a new position in Karman in the 4th quarter valued at $901,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Karman in the 4th quarter valued at $5,080,000.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Citigroup cut their price target on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a report on Monday. Truist Financial upgraded Karman to a “strong-buy” rating in a report on Friday, May 1st. BWS Financial reiterated a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Monday. Evercore set a $100.00 price target on Karman in a report on Wednesday, May 13th. Finally, Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $110.00 to $127.00 in a report on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and an average price target of $111.60.
Karman Trading Up 5.7%
KRMN stock opened at $66.34 on Tuesday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 288.45 and a beta of 0.68. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $83.56 and a 200-day simple moving average of $83.07. Karman Holdings Inc. has a 52 week low of $41.29 and a 52 week high of $118.38.
Karman (NYSE:KRMN – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million during 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 revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current year.
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.
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