Sanctuary Advisors LLC Acquires New Holdings in Karman Holdings Inc. $KRMN

Sanctuary Advisors LLC acquired a new stake in Karman Holdings Inc. (NYSE:KRMN) in the 4th quarter, Holdings Channel.com reports. The fund acquired 52,251 shares of the company’s stock, valued at approximately $3,823,000.

Several other institutional investors and hedge funds have also modified their holdings of KRMN. Vanguard Group Inc. grew its position in shares of Karman by 151.1% in the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after purchasing an additional 5,621,556 shares during the period. Lexington Partners L.P. acquired a new position in shares of Karman in the 3rd quarter valued at approximately $319,861,000. Donaldson Capital Management LLC acquired a new position in shares of Karman in the 3rd quarter valued at approximately $252,803,000. Schusterman Interests LLC acquired a new position in shares of Karman in the 3rd quarter valued at approximately $148,024,000. Finally, First Trust Advisors LP lifted its stake in Karman by 2,745.0% in the 3rd quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after acquiring an additional 1,809,284 shares in the last quarter.

Analyst Ratings Changes

KRMN has been the topic of several research reports. KeyCorp boosted 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. BWS Financial restated a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Friday, March 27th. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $110.00 to $127.00 in a research note on Friday, March 6th. Royal Bank Of Canada boosted their target price on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Robert W. Baird boosted 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. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Karman currently has an average rating of “Moderate Buy” and a consensus target price of $117.10.

Karman Trading Up 3.3%

NYSE KRMN opened at $68.13 on Friday. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 524.09 and a beta of 2.58. The stock’s 50 day moving average price is $88.66 and its two-hundred day moving average price is $84.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29. Karman Holdings Inc. has a 52 week low of $35.75 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Karman had a return on equity of 13.15% and a net margin of 3.68%.The company had revenue of $134.49 million for the quarter. The company’s quarterly revenue was up 47.5% on a year-over-year basis. As a group, analysts anticipate that Karman Holdings Inc. will post 0.62 earnings per share for the current fiscal 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.