Massachusetts Financial Services Co. MA Purchases 20,681 Shares of Karman Holdings Inc. $KRMN

Massachusetts Financial Services Co. MA increased its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 365,396 shares of the company’s stock after acquiring an additional 20,681 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Karman were worth $26,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Portside Wealth Group LLC bought a new stake in shares of Karman during the 4th quarter valued at $362,000. SteelPeak Wealth LLC bought a new stake in shares of Karman during the 4th quarter valued at $318,000. Zevenbergen Capital Investments LLC bought a new stake in shares of Karman during the 4th quarter valued at $39,483,000. J. Safra Sarasin Holding AG raised its position in shares of Karman by 34.0% during the 4th quarter. J. Safra Sarasin Holding AG now owns 4,741 shares of the company’s stock valued at $347,000 after purchasing an additional 1,202 shares during the period. Finally, Norden Group LLC bought a new stake in Karman in the 4th quarter valued at $323,000.

Karman Trading Up 2.5%

Shares of KRMN stock opened at $92.44 on Thursday. Karman Holdings Inc. has a 12-month low of $31.64 and a 12-month 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 stock’s 50-day moving average price is $90.39 and its 200-day moving average price is $84.03. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 711.13 and a beta of 2.58.

Karman (NYSE:KRMN) last posted its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.15%. The firm had revenue of $134.49 million for the quarter. The business’s revenue was up 47.5% on a year-over-year basis.

Analysts Set New Price Targets

KRMN has been the topic of several research analyst reports. BWS Financial reiterated a “sell” rating and issued a $37.00 price target on shares of Karman in a research note on Friday, March 27th. Truist Financial set a $118.00 target price on Karman in a report on Friday, January 9th. 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. Evercore lifted their target price on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Karman in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $117.10.

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.