Karman Holdings Inc. $KRMN Stock Position Lifted by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lifted its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 98.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,025 shares of the company’s stock after purchasing an additional 29,281 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in Karman were worth $2,947,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KRMN. AustralianSuper Pty Ltd bought a new stake in Karman during the fourth quarter worth approximately $33,679,000. UBS Group AG increased its position in shares of Karman by 103.7% during the 4th quarter. UBS Group AG now owns 926,976 shares of the company’s stock valued at $67,827,000 after purchasing an additional 471,894 shares during the period. Aubrey Capital Management Ltd bought a new stake in shares of Karman in the 4th quarter worth $3,687,000. Vanguard Group Inc. raised its stake in shares of Karman by 151.1% in 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. Finally, Freemont Management S.A. acquired a new stake in shares of Karman in the first quarter valued at $2,177,000.

Karman Stock Performance

KRMN opened at $45.70 on Monday. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. The firm has a market cap of $6.06 billion, a PE ratio of 157.59 and a beta of 0.55. The business has a fifty day simple moving average of $51.46 and a 200-day simple moving average of $67.68. Karman Holdings Inc. has a fifty-two week low of $43.68 and a fifty-two week high of $118.38.

Karman (NYSE:KRMN) last announced its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The company had revenue of $182.06 million for the quarter. During the same period last year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, equities analysts predict that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KRMN has been the subject of several research reports. Royal Bank Of Canada decreased their target price on Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Evercore set a $100.00 price target on shares of Karman in a report on Wednesday, May 13th. Truist Financial reduced their price objective on shares of Karman from $118.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.10.

Karman 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.