Stephens Investment Management Group LLC Sells 67,448 Shares of Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC reduced its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,269,076 shares of the company’s stock after selling 67,448 shares during the period. Karman comprises 1.2% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 19th largest holding. Stephens Investment Management Group LLC owned approximately 0.96% of Karman worth $92,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rakuten Securities Inc. lifted its stake in shares of Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares during the period. GAMMA Investing LLC lifted its stake in shares of Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after acquiring an additional 170 shares during the period. Amalgamated Bank lifted its stake in shares of Karman by 9.4% in the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock worth $158,000 after acquiring an additional 188 shares during the period. Barclays PLC lifted its stake in shares of Karman by 2.2% in the third quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after acquiring an additional 273 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman in the third quarter worth approximately $29,000.

Analyst Ratings Changes

A number of equities analysts recently commented on KRMN shares. Evercore set a $100.00 price objective on Karman in a research note on Wednesday. BWS Financial reiterated a “sell” rating and issued a $37.00 target price on shares of Karman in a report on Friday, March 27th. Weiss Ratings upgraded Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Truist Financial upgraded Karman to a “strong-buy” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.60.

Karman Trading Down 4.7%

Shares of KRMN stock opened at $62.92 on Friday. The company has a market cap of $8.34 billion, a P/E ratio of 273.56 and a beta of 0.68. The stock has a 50 day simple moving average of $84.18 and a two-hundred day simple moving average of $83.21. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29. Karman Holdings Inc. has a fifty-two week low of $41.29 and a fifty-two week high of $118.38.

Karman (NYSE:KRMN) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 15.29% and a net margin of 5.73%.The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Research analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

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. 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.