539,600 Shares in Karman Holdings Inc. $KRMN Purchased by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments LLC bought a new stake of 539,600 shares of Karman (NYSE:KRMN) in Q4, valued at about $39.48 million, representing roughly 0.41% ownership per its 13F filing.
• Multiple analysts have raised ratings and price targets (recent targets range roughly $118–$135); MarketBeat shows a consensus of Moderate Buy with an average target price of $117.10.
• Karman reported Q1 results with revenue of $134.49 million, up 47.5% year‑over‑year, and EPS of $0.11 that met estimates; the stock trades well below its 52‑week high ($118.38) at around $74.82.

Zevenbergen Capital Investments LLC acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 539,600 shares of the company's stock, valued at approximately $39,483,000. Zevenbergen Capital Investments LLC owned 0.41% of Karman as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company's stock worth $27,000 after acquiring an additional 170 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in Karman during the third quarter worth $29,000. Farther Finance Advisors LLC boosted its position in Karman by 56.4% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock worth $33,000 after purchasing an additional 164 shares during the period. Wexford Capital LP acquired a new position in shares of Karman in the third quarter valued at $41,000. Finally, Hilltop National Bank bought a new position in shares of Karman in the fourth quarter valued at about $42,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KRMN. Truist Financial set a $118.00 target price on shares of Karman in a research note on Friday, January 9th. Piper Sandler raised shares of Karman from a "neutral" rating to an "overweight" rating and increased their price target for the company from $110.00 to $127.00 in a report on Friday, March 6th. Citigroup raised their price objective on shares of Karman from $125.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, March 26th. Robert W. Baird upped their target price on Karman from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday, March 20th. Finally, Evercore increased their target price on Karman from $110.00 to $125.00 and gave the stock an "outperform" rating in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.10.

Karman Price Performance

NYSE:KRMN opened at $74.82 on Tuesday. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $118.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The firm's 50-day simple moving average is $95.73 and its 200 day simple moving average is $82.51. The firm has a market cap of $9.90 billion and a price-to-earnings ratio of 575.54.

Karman (NYSE:KRMN - Get Free Report) last announced its earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Karman had a net margin of 3.68% and a return on equity of 13.36%. The firm had revenue of $134.49 million for the quarter. The business's revenue was up 47.5% on a year-over-year basis.

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.

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