Freemont Management S.A. Makes New Investment in Karman Holdings Inc. $KRMN

Freemont Management S.A. bought a new position in Karman Holdings Inc. (NYSE:KRMN) during the first quarter, HoldingsChannel.com reports. The fund bought 27,200 shares of the company’s stock, valued at approximately $2,177,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd bought a new position in Karman in the 4th quarter worth about $33,679,000. UBS Group AG raised its holdings in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock worth $67,827,000 after buying an additional 471,894 shares during the last quarter. Congress Asset Management Co. purchased a new position in Karman in the fourth quarter worth about $24,212,000. Aubrey Capital Management Ltd purchased a new stake in shares of Karman during the fourth quarter valued at approximately $3,687,000. Finally, Mass General Brigham Inc bought a new stake in shares of Karman during the fourth quarter valued at approximately $114,295,000.

Karman Stock Down 2.3%

Shares of Karman stock opened at $46.34 on Friday. Karman Holdings Inc. has a twelve month low of $44.00 and a twelve month high of $118.38. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The company’s 50 day moving average is $53.92 and its 200 day moving average is $77.60. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 201.51 and a beta of 0.51.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 EPS 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 the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Research analysts anticipate that Karman Holdings Inc. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KRMN. KeyCorp decreased their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Citigroup reduced their target price on Karman from $97.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Karman in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Karman currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Karman 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.