Trustees of the University of Pennsylvania Invests $142.87 Million in Karman Holdings Inc. $KRMN

Trustees of the University of Pennsylvania bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,952,568 shares of the company’s stock, valued at approximately $142,869,000. Karman accounts for about 70.2% of Trustees of the University of Pennsylvania’s investment portfolio, making the stock its biggest position. Trustees of the University of Pennsylvania owned 1.48% of Karman as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRMN. TimesSquare Capital Management LLC lifted its position in shares of Karman by 3.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,602,008 shares of the company’s stock valued at $117,219,000 after acquiring an additional 55,103 shares during the period. Sapient Capital LLC grew its holdings in shares of Karman by 8.5% during the 4th quarter. Sapient Capital LLC now owns 30,580 shares of the company’s stock worth $2,282,000 after purchasing an additional 2,408 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in shares of Karman during the 4th quarter worth $33,679,000. Aubrey Capital Management Ltd acquired a new stake in shares of Karman during the 4th quarter worth $3,687,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Karman during the 4th quarter worth $901,000.

Karman Stock Performance

NYSE KRMN opened at $65.05 on Friday. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $8.62 billion, a price-to-earnings ratio of 282.85 and a beta of 0.68. The firm’s 50 day simple moving average is $81.26 and its 200 day simple moving average is $82.63. Karman Holdings Inc. has a 1 year low of $41.29 and a 1 year high of $118.38.

Karman (NYSE:KRMN) last posted its quarterly 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. The business 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%. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. As a group, research analysts expect that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on KRMN shares. BWS Financial reissued a “sell” rating and set a $37.00 target price on shares of Karman in a report on Monday. Citigroup reduced their target price on Karman from $127.00 to $97.00 and set a “buy” rating on the stock in a report on Monday. Piper Sandler reduced their target price on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 price target on shares of Karman in a research report on Thursday, January 22nd. Finally, Robert W. Baird increased their price target on shares of Karman from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman presently has an average rating of “Moderate Buy” and a consensus target price of $108.10.

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.