Empowered Funds LLC Takes $11.96 Million Position in Karman Holdings Inc. $KRMN

Key Points

• Empowered Funds LLC acquired 149,385 shares of Karman Holdings worth approximately $11.96 million, representing about 0.11% of the company.
• Analysts maintain a generally positive outlook, with Karman carrying a “Moderate Buy” consensus rating and an average price target of $102, despite targets ranging from $37 to $100.
• Karman’s latest quarter exceeded expectations, with EPS of $0.11 versus $0.08 expected and revenue of $151.21 million, up 51% year over year; however, shares opened at $45.71, near their one-year low of $43.68.

Empowered Funds LLC acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 149,385 shares of the company's stock, valued at approximately $11,958,000. Empowered Funds LLC owned approximately 0.11% of Karman as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in Karman by 83.7% during the fourth 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 stake in shares of Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock worth $28,000 after buying an additional 347 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman during the 3rd quarter worth $29,000. Huntington National Bank bought a new stake in shares of Karman during the 4th quarter worth $32,000. Finally, Kestra Advisory Services LLC acquired a new position in Karman in the 4th quarter valued at $32,000.

Wall Street Analyst Weigh In

KRMN has been the subject of a number of research analyst reports. Evercore set a $100.00 target price on shares of Karman in a research report on Wednesday, May 13th. KeyCorp lowered their price target on Karman from $122.00 to $100.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 20th. Truist Financial upgraded Karman to a "strong-buy" rating in a research note on Friday, May 1st. Citigroup cut their price objective on Karman from $97.00 to $76.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Finally, BWS Financial restated a "sell" rating and set a $37.00 target price on shares of Karman in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $102.00.

Karman Price Performance

NYSE:KRMN opened at $45.71 on Thursday. The stock has a market cap of $6.06 billion, a P/E ratio of 198.74 and a beta of 0.51. Karman Holdings Inc. has a one year low of $43.68 and a one year high of $118.38. The company has a fifty day moving average price of $51.30 and a 200 day moving average price of $75.61. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.53 and a quick ratio of 3.38.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $151.21 million during the quarter, compared to the consensus estimate of $150.19 million. Karman had a net margin of 5.73% and a return on equity of 14.94%. The business's revenue was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. Analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current year.

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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