Karman Holdings Inc. $KRMN Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 74.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 309,629 shares of the company’s stock after buying an additional 132,273 shares during the quarter. Daiwa Securities Group Inc. owned about 0.23% of Karman worth $22,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Karman during the 1st quarter worth approximately $10,199,000. Goldman Sachs Group Inc. acquired a new stake in shares of Karman during the 1st quarter worth approximately $17,371,000. Jane Street Group LLC acquired a new stake in shares of Karman during the 1st quarter worth approximately $532,000. Rhumbline Advisers acquired a new stake in shares of Karman during the 2nd quarter worth approximately $1,316,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Karman during the 2nd quarter worth approximately $554,000.

Karman Trading Down 9.2%

Shares of KRMN stock opened at $49.41 on Friday. 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 1 year low of $43.49 and a 1 year high of $118.38. The stock has a fifty day moving average of $71.60 and a two-hundred day moving average of $81.45. The firm has a market capitalization of $6.55 billion, a PE ratio of 214.81 and a beta of 0.32.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same period last year, the company posted $0.05 EPS. As a group, research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KRMN. Truist Financial upgraded Karman to a “strong-buy” rating in a research report on Friday, May 1st. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Piper Sandler dropped their price target on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Citigroup dropped their price target on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, KeyCorp dropped their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Two equities research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.60.

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.