Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Purchases New Position in Karman Holdings Inc. $KRMN

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in Karman Holdings Inc. (NYSE:KRMN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,127 shares of the company’s stock, valued at approximately $2,497,000. Karman makes up approximately 0.9% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRMN. Millennium Management LLC purchased a new stake in Karman in the first quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. purchased a new stake in Karman in the first quarter valued at approximately $17,371,000. Jane Street Group LLC purchased a new stake in Karman in the first quarter valued at approximately $532,000. Rhumbline Advisers purchased a new stake in Karman in the second quarter valued at approximately $1,316,000. Finally, New York State Common Retirement Fund purchased a new stake in Karman in the second quarter valued at approximately $554,000.

Karman Price Performance

Karman stock opened at $49.41 on Friday. Karman Holdings Inc. has a 12 month low of $43.49 and a 12 month high of $118.38. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. The business has a 50 day simple moving average of $71.60 and a 200-day simple moving average of $81.45. 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 released 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 return on equity of 14.94% and a net margin of 5.73%.The business had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 51.0% compared to the same quarter last year. Equities analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRMN. Citigroup reduced their price objective on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research note on Monday, May 18th. KeyCorp reduced their price objective on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Robert W. Baird boosted their price objective on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Finally, Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price 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.