Bamco Inc. NY Has $140.06 Million Holdings in Karman Holdings Inc. $KRMN

Bamco Inc. NY cut its position in Karman Holdings Inc. (NYSE:KRMN) by 19.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,914,221 shares of the company’s stock after selling 457,011 shares during the quarter. Bamco Inc. NY’s holdings in Karman were worth $140,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRMN. GAMMA Investing LLC boosted its position 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 in the last quarter. EverSource Wealth Advisors LLC boosted its position in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the third quarter valued at about $29,000. Huntington National Bank acquired a new position in Karman in the fourth quarter valued at about $32,000. Finally, Kestra Advisory Services LLC acquired a new position in Karman in the fourth quarter valued at about $32,000.

Karman Price Performance

Shares of KRMN stock opened at $51.88 on Thursday. Karman Holdings Inc. has a 1 year low of $43.49 and a 1 year high of $118.38. The firm’s 50 day moving average is $66.13 and its 200-day moving average is $80.83. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 225.55 and a beta of 0.32. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same period in the prior year, the business earned $0.05 earnings per share. Karman’s quarterly revenue was up 51.0% on a year-over-year basis. Sell-side analysts forecast that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on KRMN. Royal Bank Of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Karman in a research report on Tuesday, June 2nd. Piper Sandler reduced 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. BWS Financial reiterated a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Monday, May 18th. Evercore set a $100.00 target price on shares of Karman in a research report on Wednesday, May 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Karman in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.