Karman Holdings Inc. $KRMN Shares Sold by Capital International Investors

Capital International Investors cut its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 31.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 540,186 shares of the company’s stock after selling 250,421 shares during the quarter. Capital International Investors’ holdings in Karman were worth $39,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRMN. GAMMA Investing LLC increased its stake in Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman in the third quarter valued at about $29,000. Huntington National Bank acquired a new stake in shares of Karman in the fourth quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Karman in the fourth quarter valued at about $35,000.

Karman Price Performance

Shares of NYSE KRMN opened at $48.23 on Wednesday. Karman Holdings Inc. has a fifty-two week low of $43.49 and a fifty-two week high of $118.38. The business has a 50 day moving average price of $70.14 and a two-hundred day moving average price of $81.45. 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 firm has a market cap of $6.39 billion, a PE ratio of 209.70 and a beta of 0.32.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same quarter last year, the firm earned $0.05 EPS. Karman’s quarterly revenue was up 51.0% on a year-over-year basis. Sell-side analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. KeyCorp lowered their target price on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Evercore set a $100.00 target price on Karman in a research note on Wednesday, May 13th. Finally, Piper Sandler lowered their target price on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.60.

Karman 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.