Karman Holdings Inc. $KRMN Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its position in Karman Holdings Inc. (NYSE:KRMN) by 24.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 654,880 shares of the company’s stock after selling 216,267 shares during the period. Jennison Associates LLC’s holdings in Karman were worth $52,423,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after buying an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman in the 3rd quarter worth approximately $29,000. Huntington National Bank acquired a new stake in Karman in the 4th quarter valued at approximately $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Karman in the 4th quarter valued at approximately $32,000.

Karman Price Performance

NYSE KRMN opened at $46.34 on Monday. Karman Holdings Inc. has a 12 month low of $44.00 and a 12 month high of $118.38. The firm has a market capitalization of $6.14 billion, a PE ratio of 201.51 and a beta of 0.51. The company’s 50 day simple moving average is $53.92 and its 200 day simple moving average is $77.60. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38.

Karman (NYSE:KRMN) last released its earnings results 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 firm had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, equities research analysts forecast that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KRMN. Evercore set a $100.00 price target on Karman in a research report on Wednesday, May 13th. KeyCorp lowered their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Karman in a research note on Tuesday, June 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

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.