Karman Holdings Inc. $KRMN Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Karman Holdings Inc. (NYSE:KRMN) by 89.5% during the 1st quarter, Holdings Channel reports. The fund owned 4,582 shares of the company’s stock after selling 39,169 shares during the period. SG Americas Securities LLC’s holdings in Karman were worth $367,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KRMN. GAMMA Investing LLC increased its position in Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman during the 3rd quarter worth about $29,000. Kestra Advisory Services LLC acquired a new stake in shares of Karman during the 4th quarter worth about $32,000. Finally, Huntington National Bank purchased a new stake in shares of Karman during the fourth quarter worth about $32,000.

Analyst Ratings Changes

KRMN has been the topic of several recent analyst reports. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday, May 18th. Piper Sandler cut their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. KeyCorp reduced their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Karman in a research report on Thursday, April 9th. Finally, Weiss Ratings lowered Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.50.

Karman Price Performance

KRMN opened at $50.05 on Friday. The company’s 50 day simple moving average is $55.87 and its 200 day simple moving average is $78.96. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. Karman Holdings Inc. has a 1 year low of $44.00 and a 1 year high of $118.38. The stock has a market capitalization of $6.63 billion, a PE ratio of 217.60 and a beta of 0.51.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. As a group, sell-side analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current year.

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.