Westfield Capital Management Co. LP Has $61.24 Million Stock Position in Karman Holdings Inc. $KRMN

Westfield Capital Management Co. LP decreased its position in Karman Holdings Inc. (NYSE:KRMN) by 41.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 836,981 shares of the company’s stock after selling 588,595 shares during the period. Westfield Capital Management Co. LP owned approximately 0.63% of Karman worth $61,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew its holdings in shares of Karman by 74.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 309,629 shares of the company’s stock valued at $22,656,000 after buying an additional 132,273 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Karman by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,495,619 shares of the company’s stock valued at $109,434,000 after buying an additional 184,099 shares during the period. Norges Bank bought a new stake in Karman in the 4th quarter valued at $23,117,000. Eurizon Capital SGR S.p.A. bought a new stake in Karman in the 4th quarter valued at $106,000. Finally, Intech Investment Management LLC bought a new stake in Karman in the 4th quarter valued at $530,000.

Karman Trading Down 9.2%

Shares of NYSE:KRMN opened at $49.41 on Friday. The company’s 50-day moving average price is $71.60 and its two-hundred day moving average price is $81.45. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. Karman Holdings Inc. has a one year low of $43.49 and a one year high of $118.38. The stock has a market capitalization of $6.55 billion, a PE ratio of 214.81 and a beta of 0.32.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. During the same period in the previous year, the firm posted $0.05 EPS. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, equities analysts forecast that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KRMN has been the topic of several research reports. 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 reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Karman in a research report on Tuesday. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Karman in a research report on Thursday, April 9th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.60.

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.