Conestoga Capital Advisors LLC Cuts Stock Holdings in Karman Holdings Inc. $KRMN

Conestoga Capital Advisors LLC lowered its holdings in Karman Holdings Inc. (NYSE:KRMN) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 512,521 shares of the company’s stock after selling 22,376 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.39% of Karman worth $41,027,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KRMN. GAMMA Investing LLC increased its holdings in Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after buying an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Karman during the 3rd quarter valued at $29,000. Huntington National Bank bought a new stake in Karman during the 4th quarter valued at $32,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Karman in the 4th quarter valued at $32,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Piper Sandler reduced their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. 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. Citigroup reduced their target price on shares of Karman from $97.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price target on shares of Karman in a research report on Tuesday, June 2nd. 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 assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Karman Stock Performance

Shares of KRMN opened at $54.87 on Thursday. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The firm has a market cap of $7.27 billion, a PE ratio of 238.57 and a beta of 0.52. Karman Holdings Inc. has a 12 month low of $43.49 and a 12 month high of $118.38. The stock has a fifty day moving average price of $58.58 and a 200-day moving average price of $79.60.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. Equities research analysts predict that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Karman 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.