Walleye Capital LLC Has $6.76 Million Stock Holdings in Karman Holdings Inc. $KRMN

Walleye Capital LLC boosted its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 143.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,464 shares of the company’s stock after buying an additional 49,792 shares during the period. Walleye Capital LLC’s holdings in Karman were worth $6,761,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Karman by 83.7% during 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 lifted its holdings in shares of Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman during the third quarter worth about $29,000. Huntington National Bank bought a new position in shares of Karman during the fourth quarter worth about $32,000. Finally, Kestra Advisory Services LLC acquired a new stake in Karman in the 4th quarter valued at approximately $32,000.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Piper Sandler reduced their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Citigroup lowered their price target on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of Karman in a report on Tuesday, June 2nd. Finally, Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Karman has a consensus rating of “Moderate Buy” and a consensus price target of $103.50.

Karman Trading Up 1.9%

NYSE KRMN opened at $47.56 on Thursday. Karman Holdings Inc. has a 12 month low of $43.68 and a 12 month high of $118.38. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The stock has a 50 day moving average of $52.93 and a 200-day moving average of $77.03. The company has a market cap of $6.30 billion, a PE ratio of 206.81 and a beta of 0.51.

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. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. During the same period in the previous year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. On average, equities research analysts anticipate that Karman Holdings Inc. will post 0.58 EPS for the current fiscal 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.