Conestoga Capital Advisors LLC Decreases Stake in Karman Holdings Inc. $KRMN

Conestoga Capital Advisors LLC reduced its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 512,521 shares of the company’s stock after selling 22,376 shares during the period. Conestoga Capital Advisors LLC’s holdings in Karman were worth $41,027,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC lifted its position in Karman by 889.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Karman during the 3rd quarter valued at about $29,000. Huntington National Bank purchased a new stake in Karman during the 4th quarter valued at about $32,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Karman in the fourth quarter valued at about $32,000.

Karman Stock Up 9.9%

Shares of KRMN opened at $54.87 on Thursday. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 238.57 and a beta of 0.52. Karman Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38. The stock’s 50-day moving average price is $58.58 and its 200-day moving average price is $79.60. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. During the same period last year, the business earned $0.05 earnings per share. Karman’s quarterly revenue was up 51.0% on a year-over-year basis. On average, sell-side analysts predict that Karman Holdings Inc. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on KRMN shares. Citigroup reduced their price objective on Karman from $97.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday. Piper Sandler cut their price target on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. Evercore set a $100.00 price objective on shares of Karman in a research note on Wednesday, May 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Karman in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average target price of $103.50.

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.