Tribune Investment Group LP Buys New Stake in Karman Holdings Inc. $KRMN

Tribune Investment Group LP purchased a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 64,200 shares of the company’s stock, valued at approximately $3,205,000. Karman accounts for approximately 1.3% of Tribune Investment Group LP’s investment portfolio, making the stock its 25th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Nykredit A S purchased a new position in Karman in the second quarter valued at about $156,000. Tsfg LLC acquired a new position in shares of Karman during the second quarter worth about $30,000. Grandeur Peak Global Advisors LLC boosted its position in shares of Karman by 98.4% in the second quarter. Grandeur Peak Global Advisors LLC now owns 59,025 shares of the company’s stock worth $2,947,000 after buying an additional 29,281 shares during the period. Wedbush Securities Inc. purchased a new stake in shares of Karman in the second quarter worth about $304,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Karman in the second quarter valued at about $16,086,000.

Karman Stock Down 0.1%

Shares of NYSE KRMN opened at $53.37 on Monday. Karman Holdings Inc. has a 1 year low of $43.68 and a 1 year high of $118.38. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 184.04 and a beta of 0.56. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The stock’s 50-day simple moving average is $51.68 and its 200-day simple moving average is $69.44.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The firm had revenue of $182.06 million during the quarter. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, equities analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KRMN has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Piper Sandler restated an “overweight” rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a report on Friday, August 7th. KeyCorp lowered 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. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Finally, Citigroup boosted their target price on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $92.10.

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.