Cambridge Associates LLC MA ADV Sells 171,233 Shares of Karman Holdings Inc. $KRMN

Cambridge Associates LLC MA ADV reduced its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 40.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,011 shares of the company’s stock after selling 171,233 shares during the quarter. Cambridge Associates LLC MA ADV’s holdings in Karman were worth $19,933,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KRMN. First Trust Advisors LP grew its stake in Karman by 3.3% in the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after buying an additional 93,565 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Karman by 37.4% during the first quarter. PNC Financial Services Group Inc. now owns 10,411 shares of the company’s stock worth $833,000 after acquiring an additional 2,833 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new stake in shares of Karman during the first quarter worth $77,000. Commonwealth Financial Services LLC bought a new position in shares of Karman in the first quarter worth $240,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Karman by 81.1% in the first quarter. Dimensional Fund Advisors LP now owns 47,381 shares of the company’s stock worth $3,793,000 after acquiring an additional 21,224 shares during the period.

Karman Trading Up 1.9%

Karman stock opened at $47.56 on Thursday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. Karman Holdings Inc. has a fifty-two week low of $43.68 and a fifty-two week high of $118.38. The stock has a market cap of $6.30 billion, a P/E ratio of 206.81 and a beta of 0.51. The firm’s fifty day moving average price is $52.93 and its 200-day moving average price is $77.03.

Karman (NYSE:KRMN) last posted its quarterly earnings data 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 company had revenue of $151.21 million during the quarter, compared to analyst estimates of $150.19 million. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. Equities research analysts forecast that Karman Holdings Inc. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial upgraded Karman to a “strong-buy” rating in a research note on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Karman in a report on Tuesday, June 2nd. Citigroup decreased their price target on Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Piper Sandler lowered their price target on shares of Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Finally, Evercore set a $100.00 price objective on shares of Karman in a research report on Wednesday, May 13th. Two investment 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 company’s stock. According to MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and an average price target of $103.50.

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.