Public Employees Retirement System of Ohio Invests $973,000 in Karman Holdings Inc. $KRMN

Public Employees Retirement System of Ohio acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMNFree Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 19,498 shares of the company’s stock, valued at approximately $973,000.

Several other large investors have also recently bought and sold shares of KRMN. Millennium Management LLC bought a new position in shares of Karman in the first quarter worth $10,199,000. Goldman Sachs Group Inc. bought a new position in Karman in the 1st quarter worth about $17,371,000. Jane Street Group LLC purchased a new stake in shares of Karman in the 1st quarter valued at about $532,000. Rhumbline Advisers bought a new stake in shares of Karman during the 2nd quarter valued at about $1,316,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Karman during the second quarter worth about $554,000.

Karman Stock Down 0.7%

Shares of NYSE:KRMN opened at $39.72 on Wednesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 136.96 and a beta of 0.47. The stock’s 50-day moving average price is $50.57 and its 200-day moving average price is $65.75. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. Karman Holdings Inc. has a 12-month low of $39.19 and a 12-month high of $118.38.

Karman (NYSE:KRMNGet Free Report) last released its 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 company had revenue of $182.06 million during the quarter. During the same period last year, the firm posted $0.10 EPS. The company’s revenue was up 58.2% on a year-over-year basis. On average, equities analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. BWS Financial reaffirmed a “sell” rating and set a $37.00 price objective on shares of Karman in a report on Monday, August 10th. Citigroup upped their target price on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, Truist Financial cut their price objective on Karman from $118.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.10.

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Karman Profile

(Free Report)

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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Institutional Ownership by Quarter for Karman (NYSE:KRMN)

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