Stephens Investment Management Group LLC Cuts Stock Position in Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC lowered its holdings in Karman Holdings Inc. (NYSE:KRMN) by 5.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,269,076 shares of the company’s stock after selling 67,448 shares during the period. Karman makes up about 1.2% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 19th largest holding. Stephens Investment Management Group LLC’s holdings in Karman were worth $92,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. boosted its position in Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. GAMMA Investing LLC boosted its position 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 purchasing an additional 170 shares during the last quarter. Amalgamated Bank boosted its position in Karman by 9.4% in the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock worth $158,000 after purchasing an additional 188 shares during the last quarter. Barclays PLC boosted its position in Karman by 2.2% in the third quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after purchasing an additional 273 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman during the 3rd quarter valued at $29,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. Evercore set a $100.00 price target on Karman in a research report on Wednesday. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Robert W. Baird increased their target price on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Finally, KeyCorp boosted their price target on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $114.60.

Karman Stock Performance

Shares of KRMN opened at $62.92 on Friday. The stock’s 50-day simple moving average is $84.18 and its 200 day simple moving average is $83.21. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 273.56 and a beta of 0.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29. Karman Holdings Inc. has a 52-week low of $41.29 and a 52-week high of $118.38.

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 analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. Karman had a return on equity of 15.29% and a net margin of 5.73%.The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. Research analysts forecast that Karman Holdings Inc. will post 0.59 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.