Whittier Trust Co. of Nevada Inc. Takes Position in Karman Holdings Inc. $KRMN

Whittier Trust Co. of Nevada Inc. bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,082 shares of the company’s stock, valued at approximately $1,126,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd bought a new position in Karman during the fourth quarter worth $33,679,000. UBS Group AG increased its stake in Karman by 103.7% in the fourth quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after purchasing an additional 471,894 shares in the last quarter. Congress Asset Management Co. acquired a new position in shares of Karman during the fourth quarter valued at about $24,212,000. Aubrey Capital Management Ltd acquired a new position in shares of Karman during the fourth quarter valued at about $3,687,000. Finally, Mass General Brigham Inc bought a new position in shares of Karman during the 4th quarter worth about $114,295,000.

Karman Price Performance

Shares of NYSE KRMN opened at $51.45 on Wednesday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 223.69 and a beta of 0.51. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. Karman Holdings Inc. has a fifty-two week low of $43.49 and a fifty-two week high of $118.38. The firm’s 50-day simple moving average is $56.72 and its 200 day simple moving average is $79.24.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping 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 firm had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same period in the prior year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 51.0% compared to the same quarter last year. As a group, research analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KRMN shares. Robert W. Baird boosted their target price on Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Citigroup cut their price target on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Karman in a research note on Thursday, April 9th. Truist Financial upgraded Karman to a “strong-buy” rating in a report on Friday, May 1st. Finally, BWS Financial reaffirmed a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.