Capital International Investors Trims Stock Holdings in Karman Holdings Inc. $KRMN

Capital International Investors reduced its stake in Karman Holdings Inc. (NYSE:KRMN) by 31.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 540,186 shares of the company’s stock after selling 250,421 shares during the quarter. Capital International Investors owned about 0.41% of Karman worth $39,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also 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 acquiring an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. purchased a new stake in shares of Karman in the third quarter valued at $319,861,000. Schusterman Interests LLC purchased a new stake in shares of Karman in the third quarter valued at $148,024,000. Trustees of the University of Pennsylvania purchased a new stake in shares of Karman in the fourth quarter valued at $142,869,000. Finally, First Trust Advisors LP lifted its position in shares of Karman by 2,745.0% in the third quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after acquiring an additional 1,809,284 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KRMN. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Karman in a research report on Tuesday, June 2nd. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Evercore set a $100.00 price objective on Karman in a research report on Wednesday, May 13th. KeyCorp dropped their target price on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, BWS Financial reiterated a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Monday, May 18th. Two 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $105.60.

Karman Stock Performance

Karman stock opened at $48.23 on Wednesday. The firm has a market capitalization of $6.39 billion, a P/E ratio of 209.70 and a beta of 0.32. The stock has a fifty day moving average price of $70.14 and a 200 day moving average price of $81.45. Karman Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38. 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 (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Karman Holdings Inc. will post 0.59 earnings per share 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.