Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 66,100 Karman Holdings Inc. $KRMN

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Karman Holdings Inc. (NYSE:KRMN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 66,100 shares of the company’s stock, valued at approximately $5,080,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRMN. Vanguard Group Inc. boosted its position in 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 buying an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. purchased a new position in Karman in the 3rd quarter valued at about $319,861,000. Donaldson Capital Management LLC purchased a new position in Karman in the 3rd quarter valued at about $252,803,000. Schusterman Interests LLC purchased a new position in Karman in the 3rd quarter valued at about $148,024,000. Finally, First Trust Advisors LP boosted its position 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 buying an additional 1,809,284 shares during the last quarter.

Karman Stock Down 3.4%

NYSE:KRMN opened at $58.75 on Tuesday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 451.97 and a beta of 0.68. Karman Holdings Inc. has a one year low of $37.73 and a one year high of $118.38. The stock has a 50-day simple moving average of $86.42 and a 200 day simple moving average of $83.68. 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 (NYSE:KRMN) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business 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 company’s revenue for the quarter was up 47.5% compared to the same quarter last year. Sell-side analysts predict that Karman Holdings Inc. will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. BWS Financial reissued a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Friday, March 27th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Karman in a research report on Thursday, April 9th. KeyCorp lifted their price target on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $130.00 price target on shares of Karman in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman 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.