CenterBook Partners LP Makes New Investment in Karman Holdings Inc. $KRMN

CenterBook Partners LP purchased a new position in Karman Holdings Inc. (NYSE:KRMN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,559 shares of the company’s stock, valued at approximately $1,065,000.

A number of other large investors also recently modified their holdings of KRMN. Millennium Management LLC acquired a new stake in Karman in the first quarter worth about $10,199,000. Goldman Sachs Group Inc. bought a new position in Karman in the 1st quarter valued at about $17,371,000. Jane Street Group LLC acquired a new position in Karman during the 1st quarter valued at about $532,000. Rhumbline Advisers bought a new stake in shares of Karman during the 2nd quarter worth about $1,316,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Karman during the 2nd quarter worth about $554,000.

Analyst Ratings Changes

Several research analysts have recently issued reports on KRMN shares. Piper Sandler decreased their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Truist Financial raised Karman to a “strong-buy” rating in a report on Friday, May 1st. Robert W. Baird upped their target price on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Karman in a research note on Thursday, April 9th. Finally, BWS Financial reiterated a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Monday, May 18th. Two 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $105.60.

Karman Stock Down 4.9%

NYSE KRMN opened at $45.98 on Thursday. Karman Holdings Inc. has a 12 month low of $43.49 and a 12 month high of $118.38. The company has a market capitalization of $6.09 billion, a P/E ratio of 199.91 and a beta of 0.32. The company’s 50 day simple moving average is $69.57 and its 200 day simple moving average is $81.36. 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 (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. The firm had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. Equities research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

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.