Aubrey Capital Management Ltd decreased its stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 48.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,200 shares of the company's stock after selling 24,200 shares during the period. Aubrey Capital Management Ltd's holdings in Karman were worth $1,308,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC lifted its position in shares of Karman by 98.4% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 59,025 shares of the company's stock valued at $2,947,000 after acquiring an additional 29,281 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Karman in the 2nd quarter worth approximately $304,000. Wellington Management Group LLP purchased a new position in Karman in the 2nd quarter valued at approximately $16,086,000. Public Employees Retirement System of Ohio purchased a new position in Karman in the 2nd quarter valued at approximately $973,000. Finally, Ranger Investment Management L.P. acquired a new position in Karman during the second quarter worth $13,902,000.
Karman Stock Performance
Karman stock opened at $41.49 on Tuesday. Karman Holdings Inc. has a fifty-two week low of $41.44 and a fifty-two week high of $118.38. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 143.07 and a beta of 0.56. The stock has a fifty day moving average of $51.34 and a two-hundred day moving average of $67.33. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56.
Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business had revenue of $182.06 million for the quarter. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm's revenue was up 58.2% compared to the same quarter last year. On average, analysts anticipate that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.
Analyst Ratings Changes
KRMN has been the topic of several research reports. KeyCorp lowered their target price on Karman from $122.00 to $100.00 and set an "overweight" rating on the stock in a report on Wednesday, May 20th. Piper Sandler reaffirmed an "overweight" rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Needham & Company LLC lowered their price objective on shares of Karman from $125.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. Finally, Evercore set a $100.00 target price on shares of Karman in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.10.
Check Out Our Latest Stock Analysis on Karman
Karman Company Profile
(
Free Report)
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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