Karman Holdings Inc. $KRMN Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its holdings in Karman Holdings Inc. (NYSE:KRMN) by 104.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 25,223 shares of the company’s stock after purchasing an additional 12,916 shares during the period. Diversify Wealth Management LLC’s holdings in Karman were worth $2,019,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at approximately $29,000. Kestra Advisory Services LLC acquired a new position in Karman in the fourth quarter valued at approximately $32,000. Finally, Huntington National Bank bought a new position in shares of Karman during the fourth quarter valued at approximately $32,000.

Karman Trading Down 9.8%

Karman stock opened at $45.10 on Tuesday. Karman Holdings Inc. has a 52-week low of $44.00 and a 52-week 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 firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 196.10 and a beta of 0.51. The firm has a 50-day moving average price of $55.10 and a two-hundred day moving average price of $78.51.

Karman (NYSE:KRMN) last announced its quarterly 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 for 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%. Karman’s revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 earnings per share. Sell-side analysts expect that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BWS Financial reiterated a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Monday, May 18th. Piper Sandler reduced their price objective on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Robert W. Baird upped 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. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. Finally, KeyCorp dropped their target price on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 20th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.50.

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.