Westfield Capital Management Co. LP Sells 588,595 Shares of Karman Holdings Inc. $KRMN

Westfield Capital Management Co. LP cut its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 41.3% during the 4th quarter, Holdings Channel reports. The firm owned 836,981 shares of the company’s stock after selling 588,595 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Karman were worth $61,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of KRMN. GAMMA Investing LLC increased its stake in shares of 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman during the 3rd quarter worth about $29,000. Huntington National Bank acquired a new position in shares of Karman during the 4th quarter worth about $32,000. Finally, Rakuten Securities Inc. increased its stake in shares of Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter.

Wall Street Analysts Forecast Growth

KRMN has been the topic of several recent analyst reports. KeyCorp lowered their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Piper Sandler lowered their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Two 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.60.

Karman Stock Down 9.2%

Shares of KRMN opened at $49.41 on Friday. Karman Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38. The firm has a market cap of $6.55 billion, a P/E ratio of 214.81 and a beta of 0.32. The firm’s 50-day simple moving average is $71.60 and its 200 day simple moving average is $81.45. 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 (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.05 EPS. Karman’s quarterly revenue was up 51.0% on a year-over-year basis. On average, analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share 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.