Bamco Inc. NY Sells 457,011 Shares of Karman Holdings Inc. $KRMN

Bamco Inc. NY lessened its position in Karman Holdings Inc. (NYSE:KRMN) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,914,221 shares of the company’s stock after selling 457,011 shares during the quarter. Bamco Inc. NY owned about 1.45% of Karman worth $140,064,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the 3rd quarter worth $29,000. Huntington National Bank bought a new position in Karman in the 4th quarter worth $32,000. Finally, Kestra Advisory Services LLC bought a new position in Karman in the 4th quarter worth $32,000.

Karman Price Performance

Shares of Karman stock opened at $51.88 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The firm’s 50-day simple moving average is $66.13 and its 200-day simple moving average is $80.83. Karman Holdings Inc. has a twelve month low of $43.49 and a twelve month high of $118.38. The firm has a market cap of $6.87 billion, a P/E ratio of 225.55 and a beta of 0.32.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Evercore set a $100.00 price objective on shares of Karman in a report on Wednesday, May 13th. Piper Sandler dropped their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Finally, KeyCorp dropped their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $105.60.

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.