Wellington Management Group LLP Purchases Shares of 322,229 Karman Holdings Inc. $KRMN

Wellington Management Group LLP purchased a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 322,229 shares of the company’s stock, valued at approximately $16,086,000.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares during the last quarter. CX Institutional acquired a new stake in shares of Karman during the 2nd quarter worth approximately $28,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman in the 3rd quarter valued at approximately $29,000. Huntington National Bank bought a new position in shares of Karman during the fourth quarter worth $32,000. Finally, Kestra Advisory Services LLC bought a new position in Karman during the fourth quarter worth about $32,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a report on Friday, August 7th. Citigroup raised their price target on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, August 10th. BWS Financial reissued a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Evercore set a $100.00 price target on shares of Karman in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.10.

Karman Stock Up 0.4%

Shares of NYSE KRMN opened at $40.15 on Monday. The stock’s fifty day moving average is $50.91 and its 200 day moving average is $66.29. The stock has a market capitalization of $5.32 billion, a P/E ratio of 138.45 and a beta of 0.47. 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 52 week low of $39.19 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share 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 period last year, the company posted $0.10 EPS. The business’s revenue was up 58.2% on a year-over-year basis. Sell-side analysts forecast that Karman Holdings Inc. will post 0.58 earnings per share 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.