Aubrey Capital Management Ltd Takes Position in Karman Holdings Inc. $KRMN

Key Points

• Aubrey Capital Management bought a new stake in Karman Holdings, acquiring 50,400 shares worth about $3.69 million, making Karman its 22nd-largest position and about 1.5% of its portfolio.
• Institutional interest remains active, with several other hedge funds and asset managers also adding new positions in KRMN during recent quarters, including Millennium Management and Goldman Sachs.
• Analysts remain broadly positive on Karman, with a consensus Moderate Buy rating and an average price target of $117.10, while the stock recently traded at $60.62 after reporting 47.5% year-over-year revenue growth in the latest quarter.

Aubrey Capital Management Ltd acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,400 shares of the company's stock, valued at approximately $3,687,000. Karman accounts for about 1.5% of Aubrey Capital Management Ltd's holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also modified their holdings of KRMN. Millennium Management LLC acquired a new position in shares of Karman in the 1st quarter valued at about $10,199,000. Goldman Sachs Group Inc. acquired a new position in Karman in the 1st quarter worth about $17,371,000. Jane Street Group LLC acquired a new position in Karman in the 1st quarter worth about $532,000. Rhumbline Advisers acquired a new position in Karman in the 2nd quarter worth about $1,316,000. Finally, New York State Common Retirement Fund acquired a new position in Karman in the 2nd quarter worth about $554,000.

Analysts Set New Price Targets

KRMN has been the subject of a number of analyst reports. Weiss Ratings cut Karman from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, April 24th. Piper Sandler raised Karman from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $110.00 to $127.00 in a report on Friday, March 6th. KeyCorp boosted their price objective on Karman from $80.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. Robert W. Baird boosted their price objective on Karman from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, March 20th. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.10.

Karman Price Performance

NYSE:KRMN opened at $60.62 on Monday. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average of $87.47 and a two-hundred day moving average of $83.95. The firm has a market cap of $8.03 billion, a P/E ratio of 466.35 and a beta of 0.68. Karman Holdings Inc. has a 12 month low of $37.30 and a 12 month high of $118.38.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $134.49 million during the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.The business's revenue was up 47.5% compared to the same quarter last year. On average, analysts expect that Karman Holdings Inc. will post 0.61 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.

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