Karman Holdings Inc. $KRMN Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 125.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,867,379 shares of the company’s stock after acquiring an additional 1,594,518 shares during the quarter. Van ECK Associates Corp’s holdings in Karman were worth $209,806,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Karman by 83.7% during the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC raised its stake in Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman in the 3rd quarter valued at $29,000. Huntington National Bank purchased a new position in shares of Karman in the 4th quarter valued at $32,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Karman in the 4th quarter valued at $35,000.

Analyst Upgrades and Downgrades

KRMN has been the topic of a number of research reports. KeyCorp cut their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. Piper Sandler cut their target price on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Monday, May 18th. Finally, Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Karman currently has an average rating of “Moderate Buy” and an average target price of $105.60.

Karman Price Performance

KRMN opened at $47.55 on Friday. The company has a fifty day simple moving average of $68.25 and a 200 day simple moving average of $81.05. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 206.73 and a beta of 0.32. Karman Holdings Inc. has a twelve month low of $43.49 and a twelve 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.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $151.21 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. Equities research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Karman Company 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.