Lisanti Capital Growth LLC Sells 14,525 Shares of Karman Holdings Inc. $KRMN

Lisanti Capital Growth LLC trimmed its holdings in Karman Holdings Inc. (NYSE:KRMN) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,369 shares of the company’s stock after selling 14,525 shares during the period. Lisanti Capital Growth LLC owned 0.05% of Karman worth $4,929,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KRMN. GAMMA Investing LLC grew its position in 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in Karman in the third quarter worth approximately $29,000. Rakuten Securities Inc. grew its position in 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 in the last quarter. Finally, Wexford Capital LP bought a new stake in Karman in the third quarter worth approximately $41,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KRMN shares. Robert W. Baird boosted their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.10.

Karman Price Performance

Shares of Karman stock opened at $64.03 on Friday. The firm has a fifty day simple moving average of $80.44 and a 200-day simple moving average of $82.50. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. Karman Holdings Inc. has a 1-year low of $41.29 and a 1-year high of $118.38. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of 278.41 and a beta of 0.68.

Karman (NYSE:KRMN) last issued its quarterly earnings data 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 analysts’ expectations of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’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 earned $0.05 earnings per share. On average, sell-side analysts expect 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.