Capital World Investors Sells 315,333 Shares of Karman Holdings Inc. $KRMN

Capital World Investors lessened its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 13.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,037,947 shares of the company’s stock after selling 315,333 shares during the period. Capital World Investors’ holdings in Karman were worth $149,117,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. increased its stake in Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Barclays PLC boosted its holdings in shares of Karman by 2.2% in the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock valued at $936,000 after purchasing an additional 273 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman in the 3rd quarter valued at $29,000.

Karman Trading Up 0.2%

NYSE KRMN opened at $49.56 on Tuesday. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. Karman Holdings Inc. has a twelve month low of $43.49 and a twelve month high of $118.38. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 215.47 and a beta of 0.33. The business’s fifty day moving average is $70.86 and its 200 day moving average is $81.54.

Karman (NYSE:KRMN) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating 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 company had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. During the same quarter last year, the business posted $0.05 EPS. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. As a group, sell-side analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KRMN shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Karman in a report on Tuesday, June 2nd. Truist Financial raised Karman to a “strong-buy” rating in a report on Friday, May 1st. Piper Sandler reduced their target price on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Robert W. Baird raised their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Finally, Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.60.

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.