Karman Holdings Inc. $KRMN Shares Purchased by Ranger Investment Management L.P.

Ranger Investment Management L.P. raised its stake in Karman Holdings Inc. (NYSE:KRMN) by 12.8% during the 1st quarter, HoldingsChannel reports. The firm owned 297,540 shares of the company’s stock after acquiring an additional 33,786 shares during the quarter. Karman accounts for about 1.7% of Ranger Investment Management L.P.’s portfolio, making the stock its 19th largest position. Ranger Investment Management L.P.’s holdings in Karman were worth $23,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman during the 3rd quarter worth approximately $29,000. Huntington National Bank acquired a new position in Karman during the 4th quarter worth approximately $32,000. Finally, Kestra Advisory Services LLC purchased a new position in Karman in the 4th quarter worth approximately $32,000.

Karman Trading Down 1.6%

Shares of KRMN opened at $49.78 on Wednesday. The company has a market capitalization of $6.60 billion, a P/E ratio of 216.44 and a beta of 0.51. Karman Holdings Inc. has a one year low of $43.68 and a one year high of $118.38. 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 stock has a 50-day moving average price of $51.70 and a 200 day moving average price of $76.01.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KRMN. BWS Financial reaffirmed a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, May 18th. Royal Bank Of Canada decreased their target price on shares of Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. KeyCorp lowered their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Truist Financial raised shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Finally, Piper Sandler cut 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. Two equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.00.

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.