Empowered Funds LLC Invests $11.96 Million in Karman Holdings Inc. $KRMN

Empowered Funds LLC acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the first quarter, HoldingsChannel reports. The firm acquired 149,385 shares of the company’s stock, valued at approximately $11,958,000.

A number of other large investors have also modified their holdings of KRMN. Vanguard Group Inc. boosted its stake in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after buying an additional 5,621,556 shares in the last quarter. Invesco Ltd. raised its stake in shares of Karman by 27.3% in the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company’s stock valued at $299,166,000 after buying an additional 877,462 shares in the last quarter. State Street Corp raised its stake in shares of Karman by 35.0% in the 4th quarter. State Street Corp now owns 3,326,430 shares of the company’s stock valued at $243,395,000 after buying an additional 862,089 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Karman by 3.3% during the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock worth $231,480,000 after acquiring an additional 93,565 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after acquiring an additional 1,594,518 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KRMN. 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. Royal Bank Of Canada cut their price target on shares of Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Weiss Ratings downgraded Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. KeyCorp lowered their price objective on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Finally, Truist Financial raised Karman to a “strong-buy” rating in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

Karman Stock Down 7.7%

Shares of NYSE:KRMN opened at $45.71 on Thursday. Karman Holdings Inc. has a 52 week low of $43.68 and a 52 week high of $118.38. 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 fifty day moving average is $51.30 and its 200-day moving average is $75.61. The company has a market capitalization of $6.06 billion, a PE ratio of 198.74 and a beta of 0.51.

Karman (NYSE:KRMN) last posted its earnings results 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 business 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%. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities research analysts predict that Karman Holdings Inc. will post 0.58 earnings per share 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.