Karman Holdings Inc. $KRMN Stock Holdings Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 74.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 309,629 shares of the company’s stock after buying an additional 132,273 shares during the period. Daiwa Securities Group Inc.’s holdings in Karman were worth $22,656,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KRMN. GAMMA Investing LLC boosted its stake in shares of Karman by 83.7% during the 4th 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 boosted its stake in shares of Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman during the 3rd quarter worth $29,000. Huntington National Bank bought a new stake in shares of Karman during the 4th quarter worth $32,000. Finally, Rakuten Securities Inc. boosted its stake in shares of Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares in the last quarter.

Karman Price Performance

Shares of NYSE:KRMN opened at $49.41 on Friday. 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 1 year low of $43.49 and a 1 year high of $118.38. The business has a fifty day simple moving average of $71.60 and a 200 day simple moving average of $81.45. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 214.81 and a beta of 0.32.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The business had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same period last year, the company earned $0.05 earnings per share. Karman’s quarterly revenue was up 51.0% compared to the same quarter last year. As a group, sell-side analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore set a $100.00 price objective on Karman in a research note on Wednesday, May 13th. Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday, May 18th. Robert W. Baird raised their price objective on Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Finally, KeyCorp reduced their price objective on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.60.

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.