Mass General Brigham Inc Takes Position in Karman Holdings Inc. $KRMN

Mass General Brigham Inc acquired a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,562,054 shares of the company’s stock, valued at approximately $114,295,000. Karman makes up 14.1% of Mass General Brigham Inc’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also recently added to or reduced their stakes in KRMN. GAMMA Investing LLC increased its stake in 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 purchasing an additional 170 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at $29,000. Farther Finance Advisors LLC increased its stake in Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares during the last quarter. Wexford Capital LP acquired a new position in Karman in the third quarter valued at $41,000. Finally, Hilltop National Bank acquired a new position in Karman in the fourth quarter valued at $42,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KRMN. Robert W. Baird upped their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $127.00 in a research note on Friday, March 6th. KeyCorp upped their target price on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup upped their target price on Karman from $125.00 to $127.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Finally, Evercore upped their target price on Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.10.

Karman Stock Performance

Shares of NYSE:KRMN opened at $82.44 on Tuesday. The firm has a market capitalization of $10.93 billion, a PE ratio of 634.17 and a beta of 2.58. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17. The business has a 50-day moving average of $89.82 and a two-hundred day moving average of $84.36. Karman Holdings Inc. has a 12 month low of $31.64 and a 12 month high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $134.49 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business’s revenue was up 47.5% compared to the same quarter last year. As a group, research analysts forecast that Karman Holdings Inc. will post 0.62 earnings per share for the current year.

Karman 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.