10,489 Shares in Karman Holdings Inc. $KRMN Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,489 shares of the company’s stock, valued at approximately $840,000.

A number of other hedge funds have also made changes to their positions in KRMN. Sanctuary Advisors LLC grew its stake in Karman by 7.2% in the 1st quarter. Sanctuary Advisors LLC now owns 56,021 shares of the company’s stock valued at $4,484,000 after acquiring an additional 3,770 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Karman in the first quarter valued at approximately $294,000. Diversify Wealth Management LLC increased its stake in shares of Karman by 104.9% during the 1st quarter. Diversify Wealth Management LLC now owns 25,223 shares of the company’s stock worth $2,019,000 after purchasing an additional 12,916 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Karman by 38,874.1% during the 1st quarter. Fifth Third Bancorp now owns 67,815 shares of the company’s stock worth $5,429,000 after purchasing an additional 67,641 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Karman in the 1st quarter valued at approximately $1,126,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KRMN. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Monday, May 18th. Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.50.

Karman Trading Up 4.1%

NYSE KRMN opened at $49.55 on Friday. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 215.44 and a beta of 0.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. Karman Holdings Inc. has a one year low of $43.68 and a one year high of $118.38. The company’s 50 day moving average price is $52.60 and its 200 day moving average price is $76.84.

Karman (NYSE:KRMN) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same period in the previous year, the firm earned $0.05 earnings per share. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, sell-side analysts predict that Karman Holdings Inc. will post 0.58 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.