Illinois Municipal Retirement Fund Makes New $840,000 Investment in Karman Holdings Inc. $KRMN

Illinois Municipal Retirement Fund acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,489 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors have also modified their holdings of KRMN. GAMMA Investing LLC lifted its position 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 acquiring an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at $29,000. Kestra Advisory Services LLC purchased a new position in shares of Karman in the 4th quarter valued at approximately $32,000. Finally, Huntington National Bank acquired a new position in shares of Karman in the fourth quarter valued at approximately $32,000.

Karman Trading Up 4.1%

NYSE:KRMN opened at $49.55 on Friday. Karman Holdings Inc. has a 1 year low of $43.68 and a 1 year high of $118.38. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The stock has a fifty day moving average price of $52.60 and a two-hundred day moving average price of $76.84. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 215.44 and a beta of 0.51.

Karman (NYSE:KRMN) last issued its 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 company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s revenue was up 51.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BWS Financial reaffirmed a “sell” rating and set a $37.00 price target on shares of Karman in a report on Monday, May 18th. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Finally, Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average target price of $103.50.

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.