Stephens Investment Management Group LLC Has $64.85 Million Stock Holdings in Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC decreased its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 36.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 810,137 shares of the company’s stock after selling 458,939 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Karman were worth $64,851,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KRMN. Piper Sandler lowered their target price on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Citigroup decreased their price objective on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Monday, May 18th. Finally, Evercore set a $100.00 target price on Karman in a report on Wednesday, May 13th. Two equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Karman Stock Performance

Shares of NYSE:KRMN opened at $56.26 on Friday. Karman Holdings Inc. has a 12-month low of $43.49 and a 12-month high of $118.38. The company’s 50 day moving average price is $57.56 and its two-hundred day moving average price is $79.35. The firm has a market cap of $7.46 billion, a PE ratio of 244.60 and a beta of 0.51. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company 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 quarterly revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Equities research analysts predict that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

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.