Public Employees Retirement System of Ohio Acquires Shares of 19,498 Karman Holdings Inc. $KRMN

Public Employees Retirement System of Ohio acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,498 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Karman by 889.7% in 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 period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman during the third quarter worth $29,000. Kestra Advisory Services LLC bought a new position in shares of Karman in the fourth quarter valued at $32,000. Huntington National Bank acquired a new position in shares of Karman during the fourth quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Karman during the fourth quarter valued at about $35,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Evercore set a $100.00 price objective on Karman in a report on Wednesday, May 13th. Needham & Company LLC dropped their target price on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Piper Sandler reaffirmed an “overweight” rating and set a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Finally, KeyCorp decreased their price target on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.10.

Karman Stock Down 0.7%

Shares of NYSE KRMN opened at $39.72 on Wednesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The stock has a market capitalization of $5.26 billion, a PE ratio of 136.96 and a beta of 0.47. Karman Holdings Inc. has a one year low of $39.19 and a one year high of $118.38. The business’s fifty day moving average price is $50.57 and its 200-day moving average price is $65.75.

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