Stephens Investment Management Group LLC Has $64.85 Million Position in Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC lessened its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 810,137 shares of the company’s stock after selling 458,939 shares during the period. Stephens Investment Management Group LLC owned approximately 0.61% of Karman worth $64,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new stake in Karman during the 1st quarter worth approximately $10,199,000. Goldman Sachs Group Inc. acquired a new position in shares of Karman in the first quarter valued at approximately $17,371,000. Jane Street Group LLC bought a new stake in shares of Karman during the first quarter worth $532,000. Rhumbline Advisers bought a new stake in shares of Karman during the second quarter worth $1,316,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Karman during the second quarter worth $554,000.

Karman Price Performance

Shares of NYSE KRMN opened at $56.26 on Friday. 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 business’s 50 day moving average price is $57.56 and its two-hundred day moving average price is $79.35. The company has a market cap of $7.46 billion, a PE ratio of 244.60 and a beta of 0.51. Karman Holdings Inc. has a twelve month low of $43.49 and a twelve month high of $118.38.

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, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The business’s revenue was up 51.0% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, analysts predict that Karman Holdings Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

KRMN has been the topic of several research reports. Piper Sandler cut their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Robert W. Baird lifted their price target on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Citigroup dropped their price target on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday. KeyCorp reduced their price objective on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.50.

About Karman

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.