HBK Investments L P Takes $998,000 Position in Karman Holdings Inc. $KRMN

HBK Investments L P bought a new position in Karman Holdings Inc. (NYSE:KRMN) in the 2nd quarter, HoldingsChannel reports. The fund bought 20,000 shares of the company’s stock, valued at approximately $998,000.

A number of other institutional investors and hedge funds have also modified their holdings of KRMN. First Trust Advisors LP raised its position in Karman by 3.3% during the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after buying an additional 93,565 shares during the period. Van ECK Associates Corp lifted its stake in Karman by 125.3% in the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after acquiring an additional 1,594,518 shares in the last quarter. Falcon Wealth Planning acquired a new stake in Karman during the 1st quarter worth about $205,684,000. Trustees of the University of Pennsylvania acquired a new stake in Karman during the 4th quarter worth about $142,869,000. Finally, TimesSquare Capital Management LLC grew its stake in Karman by 3.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,602,008 shares of the company’s stock valued at $117,219,000 after acquiring an additional 55,103 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KRMN shares. Piper Sandler reiterated an “overweight” rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a report on Friday, August 7th. Guggenheim assumed coverage on shares of Karman in a report on Monday. They set a “buy” rating and a $63.00 price target for the company. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 10th. Truist Financial dropped their price objective on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Needham & Company LLC cut their target price on shares of Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.45.

Karman Stock Down 1.2%

NYSE:KRMN traded down $0.44 during mid-day trading on Wednesday, reaching $37.03. The stock had a trading volume of 4,094,103 shares, compared to its average volume of 2,703,814. The stock has a market cap of $4.91 billion, a P/E ratio of 127.69 and a beta of 0.47. The business’s 50 day moving average is $48.67 and its 200 day moving average is $64.06. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. Karman Holdings Inc. has a fifty-two week low of $33.99 and a fifty-two week high of $118.38.

Karman (NYSE:KRMN) last posted its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. Karman’s revenue was up 58.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, sell-side analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

Karman Company Profile

Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.

The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.

Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.