Harbor Capital Advisors Inc. Sells 10,796 Shares of Karman Holdings Inc. $KRMN

Harbor Capital Advisors Inc. cut its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 42.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,923 shares of the company’s stock after selling 10,796 shares during the period. Harbor Capital Advisors Inc.’s holdings in Karman were worth $1,092,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Zevenbergen Capital Investments LLC bought a new position in Karman during the 4th quarter valued at about $39,483,000. J. Safra Sarasin Holding AG grew its stake in shares of Karman by 34.0% in the fourth quarter. J. Safra Sarasin Holding AG now owns 4,741 shares of the company’s stock worth $347,000 after acquiring an additional 1,202 shares during the period. Norden Group LLC bought a new stake in shares of Karman in the fourth quarter worth approximately $323,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Karman during the fourth quarter valued at approximately $6,488,000. Finally, M & L Capital Management Ltd lifted its position in Karman by 215.7% during the fourth quarter. M & L Capital Management Ltd now owns 46,729 shares of the company’s stock valued at $3,419,000 after purchasing an additional 31,929 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KRMN. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Karman in a research note on Thursday, March 26th. BWS Financial restated a “sell” rating and issued a $37.00 price target on shares of Karman in a research note on Friday, March 27th. Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Evercore increased their target price on Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, Truist Financial set a $118.00 target price on Karman in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.10.

Karman Price Performance

Shares of Karman stock opened at $85.75 on Monday. The stock’s fifty day moving average is $93.81 and its 200 day moving average is $83.05. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $118.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The stock has a market cap of $11.35 billion, a P/E ratio of 659.67 and a beta of 2.58.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $134.49 million for the quarter. Karman had a return on equity of 13.36% and a net margin of 3.68%.The firm’s quarterly revenue was up 47.5% compared to the same quarter last 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.