Diversify Wealth Management LLC Invests $901,000 in Karman Holdings Inc. $KRMN

Diversify Wealth Management LLC bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,307 shares of the company’s stock, valued at approximately $901,000.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its holdings in Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares during the period. Rakuten Securities Inc. lifted its holdings in Karman by 28.5% in the fourth quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock valued at $36,000 after buying an additional 108 shares during the period. Finally, Wexford Capital LP acquired a new position in Karman in the third quarter valued at approximately $41,000.

Karman Stock Up 0.3%

Shares of KRMN stock opened at $60.62 on Friday. The firm has a fifty day moving average of $87.47 and a 200-day moving average of $83.95. The company has a quick ratio of 3.17, a current ratio of 3.29 and a debt-to-equity ratio of 1.50. Karman Holdings Inc. has a 12-month low of $37.30 and a 12-month high of $118.38. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 466.35 and a beta of 0.68.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.15%. The company had revenue of $134.49 million during the quarter. Karman’s revenue for the quarter was up 47.5% compared to the same quarter last year. As a group, equities research analysts predict that Karman Holdings Inc. will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Truist Financial upgraded shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Robert W. Baird upped their target price on shares of Karman from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, March 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Karman in a research note on Thursday, April 9th. KeyCorp upped their target price on shares of Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, BWS Financial reaffirmed a “sell” rating and issued a $37.00 target price on shares of Karman in a research note on Friday, March 27th. Two equities 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 issued a Sell rating to the company. According to data from MarketBeat.com, Karman has an average rating of “Moderate Buy” and a consensus target price of $117.10.

Karman Profile

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.