14,559 Shares in Karman Holdings Inc. $KRMN Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,559 shares of the company’s stock, valued at approximately $1,065,000.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. Evercore set a $100.00 target price on Karman in a research report on Wednesday, May 13th. Truist Financial upgraded Karman to a “strong-buy” rating in a report on Friday, May 1st. Citigroup dropped their price target on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two investment 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 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 an average target price of $105.60.

Karman Stock Performance

Shares of KRMN opened at $45.98 on Thursday. The company has a market capitalization of $6.09 billion, a PE ratio of 199.91 and a beta of 0.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company’s 50 day moving average price is $69.57 and its 200 day moving average price is $81.36. Karman Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. Research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

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.