Sei Investments Co. Buys 46,947 Shares of Karman Holdings Inc. $KRMN

Sei Investments Co. grew its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 41.6% during the first quarter, Holdings Channel reports. The institutional investor owned 159,692 shares of the company’s stock after buying an additional 46,947 shares during the period. Sei Investments Co.’s holdings in Karman were worth $12,783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KRMN. Rakuten Securities Inc. increased its holdings in Karman by 28.5% in the 4th quarter. Rakuten Securities Inc. now owns 487 shares of the company’s stock worth $36,000 after acquiring an additional 108 shares in the last quarter. FIL Ltd lifted its holdings in Karman by 0.6% during the fourth quarter. FIL Ltd now owns 26,072 shares of the company’s stock valued at $1,908,000 after purchasing an additional 155 shares in the last quarter. Barclays PLC lifted its holdings in Karman by 2.2% during the third quarter. Barclays PLC now owns 12,964 shares of the company’s stock valued at $936,000 after purchasing an additional 273 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Karman by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after purchasing an additional 297 shares during the period. Finally, Mark Sheptoff Financial Planning LLC boosted its position in shares of Karman by 8.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,050 shares of the company’s stock worth $296,000 after purchasing an additional 300 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Piper Sandler cut their price target on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. KeyCorp decreased their price target on Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Finally, Truist Financial upgraded Karman to a “strong-buy” rating in a research report on Friday, May 1st. Two equities research 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 given a Sell rating to the stock. According to MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

Karman Trading Up 1.6%

Karman stock opened at $47.95 on Friday. Karman Holdings Inc. has a 1 year low of $43.68 and a 1 year high of $118.38. The firm’s 50 day moving average price is $50.62 and its 200-day moving average price is $75.01. 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 stock has a market cap of $6.36 billion, a P/E ratio of 208.50 and a beta of 0.51.

Karman (NYSE:KRMN) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. Karman’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, equities analysts predict that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

About Karman

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.