Royce & Associates LP Sells 130,686 Shares of Karman Holdings Inc. $KRMN

Royce & Associates LP lowered its holdings in Karman Holdings Inc. (NYSE:KRMN) by 82.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,075 shares of the company’s stock after selling 130,686 shares during the quarter. Royce & Associates LP’s holdings in Karman were worth $1,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KRMN. Millennium Management LLC bought a new stake in Karman in the 1st quarter valued at about $10,199,000. Goldman Sachs Group Inc. bought a new stake in Karman in the 1st quarter valued at about $17,371,000. Jane Street Group LLC bought a new stake in Karman in the 1st quarter valued at about $532,000. Rhumbline Advisers bought a new stake in Karman in the 2nd quarter valued at about $1,316,000. Finally, New York State Common Retirement Fund bought a new stake in Karman in the 2nd quarter valued at about $554,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Robert W. Baird boosted their price objective on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, March 20th. BWS Financial reissued a “sell” rating and issued a $37.00 price objective on shares of Karman in a report on Monday, May 18th. Piper Sandler cut their price objective 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. Truist Financial raised shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Finally, Evercore set a $100.00 price objective on shares of Karman in a report on Wednesday, May 13th. Two investment 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 given a Sell rating to the company’s stock. According to MarketBeat, Karman currently has a consensus rating of “Moderate Buy” and an average price target of $108.10.

Karman Price Performance

Shares of NYSE:KRMN opened at $57.68 on Friday. The firm has a 50 day moving average of $76.51 and a 200-day moving average of $81.90. The stock has a market capitalization of $7.64 billion, a PE ratio of 250.80 and a beta of 0.68. 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 12 month low of $42.47 and a 12 month high of $118.38.

Karman (NYSE:KRMN) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 EPS. On average, equities research analysts predict that Karman Holdings Inc. will post 0.59 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.