Karman Holdings Inc. $KRMN Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 17.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,236 shares of the company’s stock after acquiring an additional 15,357 shares during the period. Royal Bank of Canada owned about 0.08% of Karman worth $8,104,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Karman by 151.1% during the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after purchasing an additional 5,621,556 shares during the last quarter. Falcon Wealth Planning acquired a new stake in Karman during the 1st quarter valued at $205,684,000. Schusterman Interests LLC purchased a new position in Karman during the third quarter worth $148,024,000. Trustees of the University of Pennsylvania acquired a new position in shares of Karman in the fourth quarter worth $142,869,000. Finally, Van ECK Associates Corp lifted its position in shares of Karman by 125.3% in the fourth 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 Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial upgraded Karman to a “strong-buy” rating in a research report on Friday, May 1st. KeyCorp reduced 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. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday. Citigroup boosted their price objective on shares of Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday. Finally, Needham & Company LLC reduced their price objective on shares of Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.40.

Karman Stock Up 6.8%

Shares of NYSE KRMN opened at $62.21 on Tuesday. The stock has a market capitalization of $8.24 billion, a PE ratio of 214.52 and a beta of 0.56. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. The firm has a fifty day moving average of $50.03 and a 200-day moving average of $72.58. Karman Holdings Inc. has a 52-week low of $43.68 and a 52-week 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 business had revenue of $182.06 million for the quarter. During the same period last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 58.2% compared to the same quarter last year. On average, analysts anticipate that Karman Holdings Inc. will post 0.57 EPS for the current year.

Karman Company 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.