Karman Holdings Inc. $KRMN Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Karman Holdings Inc. (NYSE:KRMN) by 38,874.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,815 shares of the company’s stock after buying an additional 67,641 shares during the quarter. Fifth Third Bancorp’s holdings in Karman were worth $5,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake 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. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Karman during the 3rd quarter worth about $29,000. Huntington National Bank purchased a new stake in shares of Karman during the 4th quarter worth about $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Karman during the 4th quarter worth approximately $32,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KRMN. Evercore set a $100.00 target price on shares of Karman in a report on Wednesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Karman in a report on Tuesday, June 2nd. KeyCorp reduced their price objective on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Finally, Citigroup lowered their target price on Karman from $97.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.50.

Karman Stock Performance

Karman stock opened at $46.34 on Friday. 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 Holdings Inc. has a 12 month low of $44.00 and a 12 month high of $118.38. The company has a fifty day moving average price of $53.92 and a two-hundred day moving average price of $77.60. The company has a market cap of $6.14 billion, a PE ratio of 201.51 and a beta of 0.51.

Karman (NYSE:KRMN) last issued 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. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. During the same period in the prior year, the company earned $0.05 earnings per share. The firm’s revenue was up 51.0% compared to the same quarter last year. Research analysts expect that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

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.