Y Intercept Hong Kong Ltd Acquires Shares of 22,360 Karman Holdings Inc. $KRMN

Y Intercept Hong Kong Ltd acquired a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,360 shares of the company’s stock, valued at approximately $1,126,000.

Several other hedge funds also recently added to or reduced their stakes in KRMN. Vanguard Group Inc. purchased a new position in Karman in the first quarter valued at about $61,024,000. Price T Rowe Associates Inc. MD purchased a new position in Karman in the first quarter valued at about $58,799,000. Invesco Ltd. purchased a new position in Karman in the first quarter valued at about $50,220,000. T. Rowe Price Investment Management Inc. purchased a new position in Karman in the first quarter valued at about $48,691,000. Finally, Alliancebernstein L.P. purchased a new position in Karman in the first quarter valued at about $37,182,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KRMN shares. Royal Bank Of Canada boosted their price objective on shares of Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Karman in a research note on Wednesday, October 8th. Raymond James Financial assumed coverage on Karman in a research note on Friday, September 5th. They set a “strong-buy” rating and a $100.00 target price for the company. Evercore ISI raised their target price on Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, Truist Financial assumed coverage on Karman in a research note on Friday, October 10th. They set a “buy” rating and a $89.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Karman currently has a consensus rating of “Buy” and a consensus target price of $71.50.

Karman Stock Up 3.5%

NYSE:KRMN opened at $87.20 on Tuesday. The company has a market capitalization of $11.54 billion and a price-to-earnings ratio of 581.33. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $88.82. The stock has a 50-day simple moving average of $70.19 and a 200 day simple moving average of $54.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $115.10 million during the quarter. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

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.