Trustees of the University of Pennsylvania Buys Shares of 1,952,568 Karman Holdings Inc. $KRMN

Trustees of the University of Pennsylvania bought a new stake in Karman Holdings Inc. (NYSE:KRMN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,952,568 shares of the company’s stock, valued at approximately $142,869,000. Karman makes up 70.2% of Trustees of the University of Pennsylvania’s holdings, making the stock its largest position.

A number of other hedge funds have also recently added to or reduced their stakes in KRMN. Vanguard Group Inc. boosted its position in Karman by 151.1% in the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock valued at $683,571,000 after buying an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. acquired a new stake in Karman in the third quarter valued at approximately $319,861,000. Donaldson Capital Management LLC acquired a new stake in Karman in the third quarter valued at approximately $252,803,000. Schusterman Interests LLC acquired a new stake in Karman in the third quarter valued at approximately $148,024,000. Finally, First Trust Advisors LP boosted its position in Karman by 2,745.0% in the third quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after buying an additional 1,809,284 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on KRMN. KeyCorp cut their target price on shares of Karman from $122.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday. Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 price target on shares of Karman in a report on Thursday, January 22nd. Robert W. Baird lifted their price target on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, March 20th. BWS Financial reiterated a “sell” rating and set a $37.00 price target on shares of Karman in a report on Monday. Finally, Royal Bank Of Canada lifted their price target on shares of Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.10.

Karman Price Performance

Shares of NYSE:KRMN opened at $65.05 on Friday. The firm has a market cap of $8.62 billion, a PE ratio of 282.85 and a beta of 0.68. The firm’s fifty day moving average is $81.26 and its 200-day moving average is $82.63. 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 52 week low of $41.29 and a 52 week high of $118.38.

Karman (NYSE:KRMN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $151.21 million for 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 was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. Sell-side analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current year.

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.