Royce & Associates LP reduced its holdings in Karman Holdings Inc. (NYSE:KRMN – Free Report) by 82.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,075 shares of the company’s stock after selling 130,686 shares during the period. Royce & Associates LP’s holdings in Karman were worth $1,981,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Karman in the 3rd quarter valued at $29,000. Rakuten Securities Inc. increased its stake in Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after buying an additional 108 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in Karman in the 3rd quarter valued at $41,000.
Analyst Upgrades and Downgrades
KRMN has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Piper Sandler lowered their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Citigroup lowered their price objective on shares of Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Robert W. Baird boosted their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Finally, Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.10.
Karman Stock Performance
Shares of KRMN stock opened at $57.68 on Friday. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of 250.80 and a beta of 0.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company has a 50-day simple moving average of $76.51 and a 200 day simple moving average of $81.90. Karman Holdings Inc. has a 52 week low of $42.47 and a 52 week high of $118.38.
Karman (NYSE:KRMN – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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 net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, sell-side analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current year.
About Karman
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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