Falcon Wealth Planning Buys Shares of 2,569,446 Karman Holdings Inc. $KRMN

Falcon Wealth Planning purchased a new position in Karman Holdings Inc. (NYSE:KRMN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,569,446 shares of the company’s stock, valued at approximately $205,684,000. Karman comprises approximately 14.0% of Falcon Wealth Planning’s investment portfolio, making the stock its largest position. Falcon Wealth Planning owned 1.94% of Karman at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KRMN. Millennium Management LLC bought a new position in Karman during the first quarter worth about $10,199,000. Goldman Sachs Group Inc. bought a new stake in shares of Karman in the 1st quarter valued at about $17,371,000. Jane Street Group LLC bought a new stake in shares of Karman in the 1st quarter valued at about $532,000. Rhumbline Advisers acquired a new stake in shares of Karman in the 2nd quarter valued at approximately $1,316,000. Finally, New York State Common Retirement Fund bought a new position in Karman during the 2nd quarter worth approximately $554,000.

Karman Price Performance

Shares of NYSE KRMN opened at $46.26 on Friday. The company has a fifty day moving average price of $61.55 and a 200 day moving average price of $80.08. The firm has a market cap of $6.13 billion, a PE ratio of 201.12 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 Holdings Inc. has a 1-year low of $43.49 and a 1-year high of $118.38.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $151.21 million for the quarter, compared to the consensus estimate of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the business posted $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

KRMN has been the subject of several recent analyst reports. KeyCorp lowered 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. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup lowered their price objective on shares of Karman from $127.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of Karman in a research note on Tuesday, June 2nd. Finally, Evercore set a $100.00 target price on Karman in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.