Falcon Wealth Planning Invests $205.68 Million in Karman Holdings Inc. $KRMN

Falcon Wealth Planning bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,569,446 shares of the company’s stock, valued at approximately $205,684,000. Karman comprises approximately 14.0% of Falcon Wealth Planning’s investment portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new stake in Karman in the 1st quarter valued at $10,199,000. Goldman Sachs Group Inc. acquired a new position in shares of Karman during the 1st quarter worth about $17,371,000. Jane Street Group LLC bought a new position in shares of Karman in the 1st quarter valued at about $532,000. Rhumbline Advisers acquired a new stake in shares of Karman in the second quarter valued at about $1,316,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Karman in the second quarter valued at about $554,000.

Karman Trading Up 3.2%

Shares of Karman stock opened at $46.26 on Friday. 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 12-month low of $43.49 and a 12-month high of $118.38. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 201.12 and a beta of 0.32. The firm’s 50-day moving average price is $61.55 and its two-hundred day moving average price is $80.08.

Karman (NYSE:KRMN) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Karman had a net margin of 5.73% and a return on equity of 14.94%. The company had revenue of $151.21 million during the quarter, compared to analysts’ expectations of $150.19 million. During the same period in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. On average, analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on KRMN. BWS Financial reissued a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Monday, May 18th. Piper Sandler dropped their price objective on Karman from $127.00 to $114.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Citigroup cut their price objective on Karman from $127.00 to $97.00 and set a “buy” rating for the company in a report on Monday, May 18th. Truist Financial raised shares of Karman to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Robert W. Baird upped 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 equities research 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. According to data from MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average price target of $105.60.

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.