Lbp Am Sa Boosts Stock Position in Karman Holdings Inc. $KRMN

Lbp Am Sa grew its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,492 shares of the company’s stock after buying an additional 11,233 shares during the period. Lbp Am Sa’s holdings in Karman were worth $3,694,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Robert Wood Johnson Foundation purchased a new position in shares of Karman during the 3rd quarter valued at $70,488,000. Congress Asset Management Co. purchased a new stake in Karman during the 4th quarter worth about $24,212,000. Federated Hermes Inc. purchased a new stake in Karman during the 3rd quarter worth about $2,055,000. TimesSquare Capital Management LLC lifted its holdings in Karman by 361.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock worth $111,687,000 after purchasing an additional 1,211,845 shares in the last quarter. Finally, Huntleigh Advisors Inc. bought a new position in Karman in the 3rd quarter worth about $2,466,000.

Karman Trading Down 5.1%

KRMN opened at $83.39 on Friday. The stock has a market cap of $11.05 billion, a PE ratio of 641.50 and a beta of 2.58. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50. The business has a 50 day moving average of $90.12 and a 200-day moving average of $84.14. Karman Holdings Inc. has a 52 week low of $31.64 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last released its earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $134.49 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business’s revenue was up 47.5% on a year-over-year basis.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Citigroup increased their price objective on Karman from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Truist Financial set a $118.00 price objective on Karman in a research report on Friday, January 9th. Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $130.00 target price on shares of Karman in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.10.

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.