Diversify Wealth Management LLC Boosts Stock Holdings in Karman Holdings Inc. $KRMN

Diversify Wealth Management LLC grew its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 104.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,223 shares of the company’s stock after buying an additional 12,916 shares during the period. Diversify Wealth Management LLC’s holdings in Karman were worth $2,019,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Karman during the third quarter worth about $29,000. Huntington National Bank purchased a new position in shares of Karman in the 4th quarter worth about $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Karman during the 4th quarter worth approximately $32,000.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, June 29th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Robert W. Baird lifted their target price on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Karman currently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

Karman Price Performance

Shares of KRMN stock opened at $45.10 on Tuesday. 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 $5.98 billion, a P/E ratio of 196.10 and a beta of 0.51. Karman Holdings Inc. has a 1-year low of $44.00 and a 1-year high of $118.38. The firm has a fifty day moving average of $55.10 and a two-hundred day moving average of $78.51.

Karman (NYSE:KRMN) last announced its quarterly earnings data 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. The firm had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.Karman’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. As a group, research analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

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.