WCM Investment Management LLC Sells 83,586 Shares of Karman Holdings Inc. $KRMN

WCM Investment Management LLC reduced its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 36.5% in the first quarter, Holdings Channel reports. The institutional investor owned 145,711 shares of the company’s stock after selling 83,586 shares during the period. WCM Investment Management LLC’s holdings in Karman were worth $10,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. AustralianSuper Pty Ltd bought a new stake in Karman during the fourth quarter worth $33,679,000. UBS Group AG lifted its stake in Karman by 103.7% during the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after acquiring an additional 471,894 shares in the last quarter. Congress Asset Management Co. purchased a new position in Karman during the 4th quarter worth $24,212,000. Aubrey Capital Management Ltd purchased a new position in Karman during the 4th quarter worth $3,687,000. Finally, Mass General Brigham Inc bought a new stake in shares of Karman in the 4th quarter worth $114,295,000.

Karman Price Performance

KRMN opened at $44.96 on Tuesday. The firm has a market cap of $5.96 billion, a P/E ratio of 195.49 and a beta of 0.51. The firm has a 50-day moving average of $53.65 and a 200 day moving average of $77.40. 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 fifty-two week low of $44.00 and a fifty-two week high of $118.38.

Karman (NYSE:KRMN) last posted 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 during 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%. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. On average, research analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KRMN. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Karman in a research report on Thursday, April 9th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Citigroup dropped their target price on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Monday, May 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of Karman in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.50.

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.