Geode Capital Management LLC Boosts Stock Position in Karman Holdings Inc. $KRMN

Geode Capital Management LLC grew its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,156,163 shares of the company’s stock after acquiring an additional 174,561 shares during the period. Geode Capital Management LLC’s holdings in Karman were worth $84,620,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company’s stock worth $683,571,000 after acquiring an additional 5,621,556 shares in the last quarter. Lexington Partners L.P. bought a new position in shares of Karman in the third quarter worth $319,861,000. Invesco Ltd. increased its holdings in shares of Karman by 68.6% in the third quarter. Invesco Ltd. now owns 3,211,187 shares of the company’s stock worth $231,848,000 after purchasing an additional 1,306,135 shares during the period. Schusterman Interests LLC bought a new position in shares of Karman in the third quarter worth $148,024,000. Finally, Trustees of the University of Pennsylvania bought a new position in shares of Karman in the fourth quarter worth $142,869,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Truist Financial raised shares of Karman to a “strong-buy” rating in a report on Friday, May 1st. Piper Sandler decreased 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. Evercore set a $100.00 price target on shares of Karman in a report on Wednesday, May 13th. Finally, Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Two equities research 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, Karman has a consensus rating of “Moderate Buy” and a consensus price target of $105.60.

Karman Stock Down 0.1%

KRMN opened at $49.41 on Monday. The stock has a market cap of $6.55 billion, a PE ratio of 214.81 and a beta of 0.33. 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 Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38. The business’s fifty day simple moving average is $71.60 and its 200 day simple moving average is $81.61.

Karman (NYSE:KRMN) last released its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The business had revenue of $151.21 million for the quarter, compared to analysts’ expectations of $150.19 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue was up 51.0% on a year-over-year basis. As a group, research analysts expect that Karman Holdings Inc. will post 0.59 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.