Karman Holdings Inc. $KRMN is Lexington Partners L.P.’s Largest Position

Lexington Partners L.P. lessened its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 41.5% during the second quarter, HoldingsChannel.com reports. The fund owned 2,589,734 shares of the company’s stock after selling 1,840,479 shares during the period. Karman makes up approximately 96.6% of Lexington Partners L.P.’s holdings, making the stock its largest holding. Lexington Partners L.P.’s holdings in Karman were worth $129,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Karman by 163.3% in the second quarter. NewEdge Advisors LLC now owns 3,112 shares of the company’s stock worth $155,000 after purchasing an additional 1,930 shares during the period. Arizona State Retirement System grew its position in Karman by 13.2% during the second quarter. Arizona State Retirement System now owns 16,456 shares of the company’s stock worth $821,000 after buying an additional 1,915 shares in the last quarter. Nykredit A S bought a new position in Karman in the 2nd quarter worth about $156,000. Parkside Financial Bank & Trust increased its stake in Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 486 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Karman in the 2nd quarter valued at about $240,000.

Karman Price Performance

Shares of Karman stock opened at $39.72 on Wednesday. The firm has a market capitalization of $5.26 billion, a PE ratio of 136.96 and a beta of 0.47. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. Karman Holdings Inc. has a 12 month low of $39.19 and a 12 month high of $118.38. The business’s 50-day moving average price is $50.57 and its 200-day moving average price is $65.75.

Karman (NYSE:KRMN) last released its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. Sell-side analysts forecast that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KRMN has been the subject of several recent analyst reports. Citigroup boosted their price objective on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, August 10th. KeyCorp dropped their target price 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. Piper Sandler reissued an “overweight” rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.