Lisanti Capital Growth LLC Has $4.93 Million Holdings in Karman Holdings Inc. $KRMN

Lisanti Capital Growth LLC reduced its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,369 shares of the company’s stock after selling 14,525 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Karman were worth $4,929,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KRMN. Vanguard Group Inc. raised its stake in Karman by 151.1% during the 4th 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 last quarter. Lexington Partners L.P. acquired a new position in Karman during the 3rd quarter valued at $319,861,000. Donaldson Capital Management LLC acquired a new position in Karman during the 3rd quarter valued at $252,803,000. Schusterman Interests LLC acquired a new position in Karman during the 3rd quarter valued at $148,024,000. Finally, Trustees of the University of Pennsylvania acquired a new position in Karman during the 4th quarter valued at $142,869,000.

Karman Stock Down 1.9%

KRMN opened at $64.03 on Friday. The firm’s 50-day simple moving average is $80.44 and its 200-day simple moving average is $82.50. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. Karman Holdings Inc. has a twelve month low of $41.29 and a twelve month high of $118.38. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 278.41 and a beta of 0.68.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. Equities research analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Truist Financial raised shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Citigroup lowered their target price on shares of Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, KeyCorp lowered their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

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.