Whittier Trust Co. Makes New $2.15 Million Investment in Karman Holdings Inc. $KRMN

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Karman by 83.7% during 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 during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Karman by 889.7% during 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 during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in Karman in the 3rd quarter worth approximately $29,000. Huntington National Bank purchased a new position in Karman during the 4th quarter worth approximately $32,000. Finally, Kestra Advisory Services LLC purchased a new position in Karman during the 4th quarter worth approximately $32,000.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Karman from $97.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Piper Sandler lowered 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. Truist Financial raised Karman to a “strong-buy” rating in a research report on Friday, May 1st. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Monday, May 18th. Finally, KeyCorp decreased their price target on Karman from $122.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.50.

Karman Stock Down 3.6%

Shares of KRMN opened at $51.45 on Wednesday. The firm has a market cap of $6.82 billion, a P/E ratio of 223.69 and a beta of 0.51. Karman Holdings Inc. has a 12 month low of $43.49 and a 12 month high of $118.38. The stock’s 50 day moving average is $56.72 and its two-hundred day moving average is $79.24. The company has a current ratio of 3.53, a quick ratio of 3.38 and a debt-to-equity ratio of 2.08.

Karman (NYSE:KRMN) last announced its earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share 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 business had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. During the same period in the prior year, the company posted $0.05 EPS. The business’s quarterly revenue was up 51.0% on a year-over-year basis. Analysts predict that Karman Holdings Inc. will post 0.58 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.