Ranger Investment Management L.P. Makes New Investment in Karman Holdings Inc. $KRMN

Ranger Investment Management L.P. bought a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 278,485 shares of the company’s stock, valued at approximately $13,902,000.

Several other hedge funds have also made changes to their positions in KRMN. Legacy Wealth Asset Management LLC increased its holdings in shares of Karman by 32.1% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,013 shares of the company’s stock worth $200,000 after buying an additional 976 shares during the last quarter. Hilltop National Bank lifted its holdings in Karman by 87.8% in the second quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock valued at $63,000 after acquiring an additional 588 shares during the last quarter. CX Institutional acquired a new position in Karman in the second quarter valued at approximately $28,000. BankChampaign National Association purchased a new position in Karman in the first quarter worth approximately $254,000. Finally, Bank of America Corp DE grew its position in Karman by 123.8% in the first quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock worth $36,785,000 after acquiring an additional 254,161 shares during the period.

Wall Street Analysts Forecast Growth

KRMN has been the topic of a number of research analyst reports. Citigroup lifted their target price on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Evercore set a $100.00 price target on Karman in a report on Wednesday, May 13th. Piper Sandler reissued an “overweight” rating and set a $91.00 price objective (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Needham & Company LLC cut their price objective on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, BWS Financial restated a “sell” rating and issued a $37.00 price objective on shares of Karman in a report on Monday, August 10th. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Karman has a consensus rating of “Moderate Buy” and a consensus price target of $92.10.

Karman Stock Down 0.1%

KRMN stock opened at $53.37 on Monday. The company’s 50 day moving average price is $51.68 and its 200 day moving average price is $69.44. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. Karman Holdings Inc. has a fifty-two week low of $43.68 and a fifty-two week high of $118.38. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 184.04 and a beta of 0.56.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Karman had a net margin of 6.31% and a return on equity of 15.54%. The company had revenue of $182.06 million during the quarter. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was up 58.2% compared to the same quarter last year. On average, equities research analysts anticipate that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

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.