Karman Holdings Inc. $KRMN Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC boosted its stake in Karman Holdings Inc. (NYSE:KRMN) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,602,008 shares of the company’s stock after buying an additional 55,103 shares during the quarter. Karman accounts for approximately 1.8% of TimesSquare Capital Management LLC’s portfolio, making the stock its 5th biggest position. TimesSquare Capital Management LLC’s holdings in Karman were worth $117,219,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in Karman in the 3rd quarter valued at $29,000. Rakuten Securities Inc. increased its holdings in Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Wexford Capital LP acquired a new stake in Karman in the 3rd quarter valued at $41,000. Finally, Hilltop National Bank acquired a new stake in Karman in the 4th quarter valued at $42,000.

Karman Stock Performance

NYSE:KRMN opened at $66.34 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 50-day moving average of $83.56 and a two-hundred day moving average of $83.07. The stock has a market cap of $8.79 billion, a P/E ratio of 288.45 and a beta of 0.68. Karman Holdings Inc. has a 1-year low of $41.29 and a 1-year high of $118.38.

Karman (NYSE:KRMN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 EPS. On average, research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on KRMN. Raymond James Financial reiterated a “strong-buy” rating and issued a $130.00 price target on shares of Karman in a report on Thursday, January 22nd. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Robert W. Baird upped their price objective on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Karman in a research report on Thursday, April 9th. Finally, BWS Financial reissued a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday. Two research 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $111.60.

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.