HBK Investments L P Takes $998,000 Position in Karman Holdings Inc. $KRMN

HBK Investments L P acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMNFree Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $998,000.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP grew its position 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 buying an additional 93,565 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Karman by 125.3% in the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after acquiring an additional 1,594,518 shares during the period. Falcon Wealth Planning acquired a new stake in shares of Karman in the 1st quarter worth approximately $205,684,000. Trustees of the University of Pennsylvania bought a new position in shares of Karman in the fourth quarter valued at approximately $142,869,000. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Karman by 3.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,602,008 shares of the company’s stock valued at $117,219,000 after acquiring an additional 55,103 shares in the last quarter.

Karman Trading Down 1.2%

NYSE KRMN traded down $0.44 on Wednesday, hitting $37.03. 4,094,103 shares of the company were exchanged, compared to its average volume of 2,703,814. The company’s 50 day moving average price is $48.67 and its 200-day moving average price is $64.06. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The firm has a market capitalization of $4.91 billion, a P/E ratio of 127.69 and a beta of 0.47. Karman Holdings Inc. has a twelve month low of $33.99 and a twelve month high of $118.38.

Karman (NYSE:KRMNGet Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. Karman’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. Analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KRMN has been the topic of a number of research analyst reports. Guggenheim assumed coverage on shares of Karman in a research note on Monday. They set a “buy” rating and a $63.00 price objective on the stock. Needham & Company LLC cut their target price on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Citigroup lifted their price target on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $89.45.

Read Our Latest Report on Karman

Karman Company Profile

(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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Institutional Ownership by Quarter for Karman (NYSE:KRMN)

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