Whittier Trust Co. Buys Shares of 25,030 Karman Holdings Inc. $KRMN

Whittier Trust Co. bought a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,030 shares of the company’s stock, valued at approximately $2,155,000.

Several other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after buying an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of Karman in the third quarter worth about $29,000. Kestra Advisory Services LLC purchased a new stake in Karman during the 4th quarter valued at about $32,000. Finally, Huntington National Bank acquired a new stake in Karman in the 4th quarter valued at about $32,000.

Karman Trading Down 3.6%

KRMN opened at $51.45 on Wednesday. Karman Holdings Inc. has a 52 week low of $43.49 and a 52 week high of $118.38. The company has a quick ratio of 3.38, a current ratio of 3.53 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $56.72 and a 200-day simple moving average of $79.24. The firm has a market cap of $6.82 billion, a P/E ratio of 223.69 and a beta of 0.51.

Karman (NYSE:KRMN) last posted its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Karman had a return on equity of 14.94% and a net margin of 5.73%.The firm had revenue of $151.21 million for the quarter, compared to analyst estimates of $150.19 million. During the same quarter in the prior year, the company earned $0.05 EPS. Karman’s revenue was up 51.0% on a year-over-year basis. On average, equities analysts expect that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KRMN shares. Weiss Ratings cut Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, June 29th. Piper Sandler dropped their target price on Karman from $127.00 to $114.00 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research report on Friday, May 1st. KeyCorp cut their price objective on shares of Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of Karman in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.50.

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.