AustralianSuper Pty Ltd Makes New $33.68 Million Investment in Karman Holdings Inc. $KRMN

AustralianSuper Pty Ltd bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 460,288 shares of the company’s stock, valued at approximately $33,679,000. AustralianSuper Pty Ltd owned 0.35% of Karman as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRMN. GAMMA Investing LLC grew its position in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman during the third quarter worth $29,000. Rakuten Securities Inc. boosted its stake in shares of Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after purchasing an additional 108 shares during the period. Wexford Capital LP acquired a new stake in Karman during the 3rd quarter valued at $41,000. Finally, Hilltop National Bank acquired a new stake in Karman during the 4th quarter valued at $42,000.

Karman Trading Down 1.8%

NYSE KRMN opened at $66.07 on Friday. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 287.29 and a beta of 0.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 3.29 and a quick ratio of 3.17. Karman Holdings Inc. has a 12 month low of $41.29 and a 12 month high of $118.38. The company’s fifty day moving average price is $84.90 and its two-hundred day moving average price is $83.35.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 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 return on equity of 15.29% and a net margin of 5.73%.The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. As a group, research analysts predict that Karman Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on KRMN shares. Citigroup boosted their price objective on shares of Karman from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Evercore set a $100.00 target price on Karman in a research note on Wednesday. KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Karman in a research note on Thursday, April 9th. Finally, Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $110.00 to $127.00 in a research note on Friday, March 6th. Two research 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. According to data from MarketBeat, Karman currently has an average rating of “Moderate Buy” and an average price target of $114.60.

Karman Company 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.