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

Cambridge Associates LLC MA ADV increased its stake in Karman Holdings Inc. (NYSE:KRMN) by 68.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 420,244 shares of the company’s stock after acquiring an additional 171,233 shares during the quarter. Karman comprises 0.5% of Cambridge Associates LLC MA ADV’s holdings, making the stock its 23rd largest position. Cambridge Associates LLC MA ADV’s holdings in Karman were worth $30,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KRMN. GAMMA Investing LLC grew its stake in Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock worth $28,000 after purchasing an additional 347 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in Karman in the third quarter worth about $29,000. Huntington National Bank purchased a new stake in Karman in the fourth quarter worth about $32,000. Finally, Kestra Advisory Services LLC purchased a new stake in Karman in the fourth quarter worth about $32,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Robert W. Baird upped their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, March 20th. Piper Sandler lowered their price objective on shares of Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of Karman in a research note on Tuesday, June 2nd. Two investment 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 assigned a Sell rating to the company. According to data from MarketBeat, Karman has a consensus rating of “Moderate Buy” and an average price target of $105.60.

Karman Stock Performance

Shares of Karman stock opened at $52.02 on Wednesday. The company has a market capitalization of $6.89 billion, a PE ratio of 226.16 and a beta of 0.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 3.38 and a current ratio of 3.53. The company has a 50-day simple moving average of $66.82 and a two-hundred day simple moving average of $80.94. Karman Holdings Inc. has a one year low of $43.49 and a one year high of $118.38.

Karman (NYSE:KRMN) last announced its 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 business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The firm’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share. Research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal 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.