Next Century Growth Investors LLC Purchases 95,185 Shares of Karman Holdings Inc. $KRMN

Next Century Growth Investors LLC increased its stake in Karman Holdings Inc. (NYSE:KRMN) by 69.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,320 shares of the company’s stock after purchasing an additional 95,185 shares during the period. Next Century Growth Investors LLC owned 0.18% of Karman worth $16,999,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AustralianSuper Pty Ltd bought a new position in Karman in the 4th quarter worth approximately $33,679,000. UBS Group AG raised its position in Karman by 103.7% in the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after purchasing an additional 471,894 shares during the last quarter. Congress Asset Management Co. bought a new position in Karman in the 4th quarter worth approximately $24,212,000. Aubrey Capital Management Ltd bought a new position in Karman in the 4th quarter worth approximately $3,687,000. Finally, TimesSquare Capital Management LLC raised its position in Karman by 361.7% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock worth $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. KeyCorp dropped their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. 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 report on Friday, March 20th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Karman in a research report on Thursday, April 9th. Finally, Truist Financial raised shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Karman currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.60.

Karman Price Performance

Shares of NYSE KRMN opened at $47.55 on Friday. The firm has a market cap of $6.30 billion, a PE ratio of 206.73 and a beta of 0.32. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. Karman Holdings Inc. has a 1-year low of $43.49 and a 1-year high of $118.38. The company has a fifty day moving average price of $68.25 and a 200 day moving average price of $81.05.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. Research analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal 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.