Carnegie Investment Counsel Has $25.25 Million Holdings in Karman Holdings Inc. $KRMN

Key Points

• Carnegie Investment Counsel increased its stake in Karman by 38.4% to 345,030 shares, worth about $25.25 million, representing roughly 0.26% of the company.
• Karman reported Q results of $0.11 EPS (meeting estimates) on $134.49 million revenue, a 47.5% year‑over‑year revenue increase, with a net margin of 3.68% and ROE of 13.36%.
• Analysts are moderately bullish with a consensus rating of “Moderate Buy” and an average target of $117.10, while the stock opened at $82.71 and shows a very high P/E (~636) and a market cap of about $10.96 billion.

Carnegie Investment Counsel lifted its stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,030 shares of the company's stock after buying an additional 95,723 shares during the period. Carnegie Investment Counsel owned about 0.26% of Karman worth $25,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KRMN. GAMMA Investing LLC raised its holdings in shares of Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company's stock worth $27,000 after buying an additional 170 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman in the 3rd quarter worth approximately $29,000. Farther Finance Advisors LLC raised its holdings in shares of Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock worth $33,000 after buying an additional 164 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Karman in the 3rd quarter worth approximately $41,000. Finally, Hilltop National Bank acquired a new position in shares of Karman in the 4th quarter worth approximately $42,000.

Karman Stock Performance

NYSE:KRMN opened at $82.71 on Friday. Karman Holdings Inc. has a 1 year low of $29.04 and a 1 year high of $118.38. The firm has a 50 day moving average of $91.23 and a 200-day moving average of $83.45. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $10.96 billion, a P/E ratio of 636.29 and a beta of 2.58.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KRMN shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Karman in a report on Friday, March 27th. BWS Financial reiterated a "sell" rating and issued a $37.00 target price on shares of Karman in a research note on Friday, March 27th. Royal Bank Of Canada lifted their target price on shares of Karman from $85.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Evercore lifted their target price on shares of Karman from $110.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $117.10.

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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