Capital World Investors Has $149.12 Million Stake in Karman Holdings Inc. $KRMN

Capital World Investors trimmed its holdings in Karman Holdings Inc. (NYSE:KRMN) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,037,947 shares of the company’s stock after selling 315,333 shares during the period. Capital World Investors owned 1.54% of Karman worth $149,117,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KRMN. Vanguard Group Inc. lifted its position in shares of Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after buying an additional 5,621,556 shares during the last quarter. Lexington Partners L.P. acquired a new stake in shares of Karman in the third quarter valued at approximately $319,861,000. Schusterman Interests LLC acquired a new stake in shares of Karman in the third quarter valued at approximately $148,024,000. Trustees of the University of Pennsylvania bought a new position in shares of Karman during the fourth quarter worth approximately $142,869,000. Finally, First Trust Advisors LP increased its stake in shares of Karman by 2,745.0% during the third quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock worth $135,389,000 after purchasing an additional 1,809,284 shares during the period.

Karman Price Performance

Karman stock opened at $49.56 on Tuesday. The stock’s fifty day moving average price is $70.86 and its two-hundred day moving average price is $81.54. Karman Holdings Inc. has a one year low of $43.49 and a one year high of $118.38. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. The firm has a market cap of $6.57 billion, a PE ratio of 215.47 and a beta of 0.33.

Karman (NYSE:KRMN) last posted 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 return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same quarter last year, the company earned $0.05 EPS. The company’s revenue was up 51.0% on a year-over-year basis. As a group, research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Evercore set a $100.00 target price on Karman in a research note on Wednesday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Karman in a research note on Tuesday, June 2nd. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Finally, Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.