Mitsubishi UFJ Asset Management Co. Ltd. Makes New $5.08 Million Investment in Karman Holdings Inc. $KRMN

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 66,100 shares of the company’s stock, valued at approximately $5,080,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Karman by 151.1% during the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. acquired a new stake in shares of Karman during the 3rd quarter worth $319,861,000. Donaldson Capital Management LLC acquired a new stake in shares of Karman during the 3rd quarter worth $252,803,000. Invesco Ltd. increased its holdings in shares of Karman by 68.6% during the 3rd quarter. Invesco Ltd. now owns 3,211,187 shares of the company’s stock worth $231,848,000 after buying an additional 1,306,135 shares during the last quarter. Finally, Schusterman Interests LLC acquired a new stake in shares of Karman during the 3rd quarter worth $148,024,000.

Analysts Set New Price Targets

A number of analysts have recently commented on KRMN shares. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, April 24th. Citigroup upped their price objective on Karman from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. KeyCorp upped their price objective on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Finally, Evercore upped their price objective on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.10.

Karman Stock Down 3.4%

Shares of NYSE KRMN opened at $58.75 on Tuesday. Karman Holdings Inc. has a 12-month low of $37.73 and a 12-month high of $118.38. The company has a market cap of $7.79 billion, a P/E ratio of 451.97 and a beta of 0.68. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. The stock has a fifty day moving average price of $86.42 and a 200 day moving average price of $83.68.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Karman had a return on equity of 13.15% and a net margin of 3.68%.The firm had revenue of $134.49 million during the quarter. The company’s quarterly revenue was up 47.5% on a year-over-year basis. Research analysts anticipate that Karman Holdings Inc. will post 0.61 EPS 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.