Cambridge Associates LLC MA ADV Boosts Stock Position in Karman Holdings Inc. $KRMN

Cambridge Associates LLC MA ADV lifted its holdings in Karman Holdings Inc. (NYSE:KRMN) by 68.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 420,244 shares of the company’s stock after acquiring an additional 171,233 shares during the quarter. Karman accounts for about 0.5% of Cambridge Associates LLC MA ADV’s holdings, making the stock its 23rd biggest holding. Cambridge Associates LLC MA ADV owned approximately 0.32% of Karman worth $30,749,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MML Investors Services LLC bought a new position in shares of Karman in the fourth quarter worth approximately $402,000. Mariner LLC purchased a new position in shares of Karman during the fourth quarter valued at about $369,000. Next Century Growth Investors LLC boosted its position in shares of Karman by 69.4% during the fourth quarter. Next Century Growth Investors LLC now owns 232,320 shares of the company’s stock valued at $16,999,000 after purchasing an additional 95,185 shares in the last quarter. Fieldview Capital Management LLC bought a new stake in shares of Karman during the fourth quarter valued at approximately $531,000. Finally, Focus Partners Wealth lifted its position in Karman by 24.8% during the 4th quarter. Focus Partners Wealth now owns 208,461 shares of the company’s stock valued at $15,093,000 after acquiring an additional 41,481 shares during the period.

Karman Trading Up 7.8%

Shares of Karman stock opened at $52.02 on Wednesday. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 226.16 and a beta of 0.32. Karman Holdings Inc. has a twelve month low of $43.49 and a twelve month high of $118.38. The business has a 50-day moving average price of $66.82 and a 200-day moving average price of $80.94.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 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 the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. Equities research analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KRMN shares. Piper Sandler reduced their price objective on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Karman in a research report on Tuesday, June 2nd. KeyCorp reduced their price target on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Robert W. Baird upped their price target on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.60.

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.