Next Century Growth Investors LLC Has $17 Million Holdings in Karman Holdings Inc. $KRMN

Next Century Growth Investors LLC grew its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 69.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 232,320 shares of the company’s stock after purchasing an additional 95,185 shares during the period. Next Century Growth Investors LLC’s holdings in Karman were worth $16,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Karman by 151.1% during the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after buying an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. bought a new stake in Karman during the 3rd quarter worth about $319,861,000. State Street Corp lifted its position in Karman by 35.0% during the 4th quarter. State Street Corp now owns 3,326,430 shares of the company’s stock worth $243,395,000 after buying an additional 862,089 shares in the last quarter. Invesco Ltd. lifted its position in Karman by 68.6% during the 3rd quarter. Invesco Ltd. now owns 3,211,187 shares of the company’s stock worth $231,848,000 after buying an additional 1,306,135 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company’s stock worth $209,806,000 after buying an additional 1,594,518 shares in the last quarter.

Karman Price Performance

Shares of NYSE:KRMN opened at $47.55 on Friday. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 206.73 and a beta of 0.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38. The firm has a 50 day simple moving average of $68.25 and a 200 day simple moving average of $81.05. Karman Holdings Inc. has a one year low of $43.49 and a one year high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. Research analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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 research report on Tuesday, May 19th. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Karman in a research note on Tuesday, June 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Karman in a report on Thursday, April 9th. KeyCorp cut their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Karman currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.60.

Karman Company 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.