Conestoga Capital Advisors LLC Buys Shares of 534,897 Karman Holdings Inc. $KRMN

Conestoga Capital Advisors LLC bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 534,897 shares of the company’s stock, valued at approximately $39,138,000.

Several other large investors have also recently bought and sold shares of KRMN. GAMMA Investing LLC increased its stake in 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 period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman during the 3rd quarter valued at about $29,000. Farther Finance Advisors LLC boosted its position in shares of Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Rakuten Securities Inc. boosted its position in shares of Karman by 28.5% during the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Finally, Wexford Capital LP bought a new position in shares of Karman during the 3rd quarter valued at about $41,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Citigroup raised their price objective on shares of Karman from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Friday, March 27th. Robert W. Baird raised their price objective on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Finally, KeyCorp raised their price objective on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Karman has a consensus rating of “Moderate Buy” and an average price target of $117.10.

Karman Stock Performance

NYSE:KRMN opened at $68.13 on Friday. Karman Holdings Inc. has a twelve month low of $35.75 and a twelve month high of $118.38. The company has a 50-day moving average of $88.66 and a 200-day moving average of $84.15. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 524.09 and a beta of 2.58. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50.

Karman (NYSE:KRMN) last released its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $134.49 million for the quarter. Karman had a net margin of 3.68% and a return on equity of 13.15%. Karman’s quarterly revenue was up 47.5% compared to the same quarter last year. Analysts forecast that Karman Holdings Inc. will post 0.62 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.