Karman Holdings Inc. $KRMN Shares Acquired by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 98.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,025 shares of the company’s stock after purchasing an additional 29,281 shares during the period. Grandeur Peak Global Advisors LLC’s holdings in Karman were worth $2,947,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after buying an additional 5,621,556 shares in the last quarter. Falcon Wealth Planning bought a new position in Karman during the 1st quarter worth approximately $205,684,000. Schusterman Interests LLC bought a new stake in shares of Karman in the 3rd quarter valued at approximately $148,024,000. Trustees of the University of Pennsylvania bought a new stake in shares of Karman in the 4th quarter valued at approximately $142,869,000. Finally, Van ECK Associates Corp raised its position in shares of Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock valued at $209,806,000 after acquiring an additional 1,594,518 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KRMN shares. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. KeyCorp dropped their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Truist Financial reduced their price target on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Citigroup lifted their price target on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.10.

Karman Trading Up 0.3%

NYSE:KRMN opened at $45.70 on Monday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 157.59 and a beta of 0.55. The business has a 50 day simple moving average of $51.46 and a 200 day simple moving average of $67.68. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. Karman Holdings Inc. has a 12-month low of $43.68 and a 12-month high of $118.38.

Karman (NYSE:KRMN) last issued its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate 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 for the quarter. During the same period in the prior year, the business earned $0.10 earnings per share. Karman’s quarterly revenue was up 58.2% on a year-over-year basis. Equities research analysts predict that Karman Holdings Inc. will post 0.58 EPS for the current year.

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.