Karman Holdings Inc. $KRMN Stock Position Increased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Karman Holdings Inc. (NYSE:KRMN) by 151.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,342,230 shares of the company’s stock after buying an additional 5,621,556 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Karman worth $683,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman in the 3rd quarter worth $29,000. Farther Finance Advisors LLC grew its holdings in shares of Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares during the last quarter. Finally, Wexford Capital LP acquired a new position in shares of Karman in the 3rd quarter worth $41,000.

Karman Stock Performance

Shares of KRMN stock opened at $65.37 on Monday. Karman Holdings Inc. has a 1-year low of $36.11 and a 1-year high of $118.38. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 502.85 and a beta of 0.69. The stock’s fifty day simple moving average is $88.66 and its 200-day simple moving average is $84.24.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business had revenue of $134.49 million for the quarter. The company’s revenue for the quarter was up 47.5% compared to the same quarter last year. On average, sell-side analysts predict that Karman Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on KRMN. Citigroup lifted their target price on Karman from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. BWS Financial restated a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Friday, March 27th. KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Raymond James Financial restated a “strong-buy” rating and issued a $130.00 target price on shares of Karman in a report on Thursday, January 22nd. Finally, Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $110.00 to $127.00 in a report on Friday, March 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Karman has a consensus rating of “Moderate Buy” and an average price target of $117.10.

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.