First Trust Advisors LP Has $231.48 Million Stake in Karman Holdings Inc. $KRMN

First Trust Advisors LP lifted its position in Karman Holdings Inc. (NYSE:KRMN) by 3.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,891,687 shares of the company’s stock after buying an additional 93,565 shares during the quarter. First Trust Advisors LP’s holdings in Karman were worth $231,480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new position in Karman during the fourth quarter valued at approximately $33,679,000. UBS Group AG grew its position in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after acquiring an additional 471,894 shares in the last quarter. Congress Asset Management Co. bought a new stake in Karman in the fourth quarter worth approximately $24,212,000. Aubrey Capital Management Ltd acquired a new position in shares of Karman during the 4th quarter worth $3,687,000. Finally, Mass General Brigham Inc bought a new position in shares of Karman during the 4th quarter valued at $114,295,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KRMN. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Karman in a research report on Tuesday, June 2nd. Weiss Ratings lowered Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Piper Sandler reduced their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Finally, Evercore set a $100.00 price target on Karman in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Karman Trading Up 1.9%

Shares of KRMN stock opened at $47.56 on Thursday. Karman Holdings Inc. has a 12 month low of $43.68 and a 12 month high of $118.38. The company has a market cap of $6.30 billion, a PE ratio of 206.81 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The business’s 50 day moving average is $52.93 and its two-hundred day moving average is $77.03.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.05 earnings per share. Equities analysts predict that Karman Holdings Inc. will post 0.58 EPS for the current year.

Karman Company 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.