Karman Holdings Inc. $KRMN Stock Position Decreased by Carnegie Investment Counsel

Carnegie Investment Counsel trimmed its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 3.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 333,030 shares of the company’s stock after selling 12,000 shares during the period. Carnegie Investment Counsel’s holdings in Karman were worth $26,659,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Karman in the third quarter worth approximately $29,000. Kestra Advisory Services LLC bought a new stake in Karman in the fourth quarter worth approximately $32,000. Finally, Huntington National Bank acquired a new position in shares of Karman during the 4th quarter worth $32,000.

Karman Stock Performance

Shares of NYSE KRMN traded down $0.04 during trading hours on Friday, hitting $50.01. 1,173,823 shares of the stock were exchanged, compared to its average volume of 3,208,954. 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 company’s 50 day moving average is $55.56 and its 200 day moving average is $78.75. The firm has a market capitalization of $6.63 billion, a P/E ratio of 217.46 and a beta of 0.51. Karman Holdings Inc. has a one year low of $44.00 and a one year high of $118.38.

Karman (NYSE:KRMN) last announced 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. The firm had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. On average, research analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

KRMN has been the subject of several analyst reports. 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. KeyCorp lowered their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. 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. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Karman in a report on Tuesday, June 2nd. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.