Karman Holdings Inc. $KRMN Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Karman Holdings Inc. (NYSE:KRMN) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,495,619 shares of the company’s stock after acquiring an additional 184,099 shares during the period. Bank of New York Mellon Corp’s holdings in Karman were worth $109,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Millennium Management LLC acquired a new position in Karman during the 1st quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. purchased a new position in shares of Karman in the first quarter worth $17,371,000. Jane Street Group LLC acquired a new stake in shares of Karman during the first quarter worth $532,000. Rhumbline Advisers purchased a new stake in shares of Karman during the second quarter valued at $1,316,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Karman in the 2nd quarter valued at $554,000.

Wall Street Analysts Forecast Growth

KRMN has been the subject of a number of research analyst reports. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Piper Sandler dropped their target price on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Finally, KeyCorp cut their price target on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.60.

Karman Trading Down 0.1%

Shares of NYSE:KRMN opened at $49.41 on Monday. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. Karman Holdings Inc. has a 12-month low of $43.49 and a 12-month high of $118.38. The business has a 50 day moving average of $71.60 and a two-hundred day moving average of $81.61. The company has a market capitalization of $6.55 billion, a PE ratio of 214.81 and a beta of 0.33.

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

About Karman

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.