16,667 Shares in Karman Holdings Inc. $KRMN Bought by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the first quarter, HoldingsChannel reports. The fund purchased 16,667 shares of the company’s stock, valued at approximately $1,334,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KRMN. Diversified Trust Co increased its holdings in shares of Karman by 81.4% in the 1st quarter. Diversified Trust Co now owns 8,466 shares of the company’s stock worth $678,000 after buying an additional 3,798 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Karman by 27.3% in the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock worth $299,166,000 after purchasing an additional 877,462 shares during the period. Vident Advisory LLC purchased a new position in shares of Karman in the 4th quarter worth approximately $14,579,000. VARCOV Co. bought a new position in shares of Karman during the 4th quarter valued at approximately $485,000. Finally, Polymer Capital Management US LLC bought a new position in shares of Karman during the 4th quarter valued at approximately $569,000.

Karman Trading Down 0.0%

NYSE KRMN opened at $50.35 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 218.93 and a beta of 0.33. The company’s 50-day simple moving average is $64.75 and its two-hundred day simple moving average is $80.62. Karman Holdings Inc. has a one year low of $43.49 and a one year high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly 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 firm had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. During the same quarter in the prior year, the company earned $0.05 EPS. The company’s revenue was up 51.0% compared to the same quarter last year. Equities analysts forecast that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler lowered their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Karman in a research report on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Truist Financial raised Karman to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Citigroup cut their price objective on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.60.

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.