Karman Holdings Inc. $KRMN Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in Karman Holdings Inc. (NYSE:KRMN) by 35.1% during the first quarter, HoldingsChannel reports. The firm owned 109,339 shares of the company’s stock after selling 59,234 shares during the period. Segall Bryant & Hamill LLC’s holdings in Karman were worth $8,753,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after purchasing an additional 5,621,556 shares during the period. Invesco Ltd. increased its holdings in shares of Karman by 27.3% during the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock worth $299,166,000 after buying an additional 877,462 shares during the last quarter. State Street Corp lifted its holdings in Karman by 35.0% in the fourth quarter. State Street Corp now owns 3,326,430 shares of the company’s stock valued at $243,395,000 after acquiring an additional 862,089 shares during the last quarter. First Trust Advisors LP raised its position in Karman by 3.3% in the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after purchasing an additional 93,565 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Karman by 125.3% in the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock valued at $209,806,000 after purchasing an additional 1,594,518 shares during the last quarter.

Wall Street Analysts Forecast Growth

KRMN has been the topic of a number of research analyst reports. BWS Financial reissued a “sell” rating and issued a $37.00 price target on shares of Karman in a research note on Monday, May 18th. Weiss Ratings cut shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, June 29th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Karman in a research report on Thursday, April 9th. Royal Bank Of Canada cut their price target on Karman from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, July 24th. Finally, KeyCorp decreased their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

Karman Price Performance

Shares of NYSE KRMN opened at $47.95 on Monday. The stock has a 50 day moving average of $50.62 and a two-hundred day moving average of $74.78. The stock has a market cap of $6.36 billion, a P/E ratio of 208.50 and a beta of 0.56. Karman Holdings Inc. has a twelve month low of $43.68 and a twelve month high of $118.38. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company 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%. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. On average, research analysts forecast that Karman Holdings Inc. will post 0.58 earnings per share for the current 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.