Karman Holdings Inc. $KRMN Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Karman Holdings position by 81.1% in the first quarter, reaching 47,381 shares valued at approximately $3.8 million. Other major investors, including Vanguard and UBS, also significantly expanded their holdings.
• Karman reported quarterly earnings of $0.14 per share, topping estimates by $0.01, while revenue rose 58.2% year over year to $182.06 million. Analysts expect full-year EPS of about $0.58.
• Despite a recent decline in analyst price targets, Karman retains a “Moderate Buy” consensus rating and a consensus target price of $95.40, well above its reported share price of $62.08.

Dimensional Fund Advisors LP raised its position in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 81.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,381 shares of the company's stock after purchasing an additional 21,224 shares during the quarter. Dimensional Fund Advisors LP's holdings in Karman were worth $3,793,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. AustralianSuper Pty Ltd acquired a new position in shares of Karman during the 4th quarter valued at about $33,679,000. UBS Group AG lifted its holdings in Karman by 103.7% in the 4th quarter. UBS Group AG now owns 926,976 shares of the company's stock worth $67,827,000 after purchasing an additional 471,894 shares during the last quarter. Aubrey Capital Management Ltd acquired a new stake in Karman in the 4th quarter worth approximately $3,687,000. Mass General Brigham Inc bought a new stake in Karman during the fourth quarter worth approximately $114,295,000. Finally, Vanguard Group Inc. grew its holdings in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company's stock valued at $683,571,000 after purchasing an additional 5,621,556 shares during the last quarter.

Karman Stock Performance

Shares of NYSE KRMN opened at $62.08 on Thursday. Karman Holdings Inc. has a 12 month low of $43.68 and a 12 month high of $118.38. The company has a market cap of $8.23 billion, a P/E ratio of 214.08 and a beta of 0.55. The business's 50 day moving average is $50.38 and its two-hundred day moving average is $71.93. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The firm's revenue was up 58.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 earnings per share. On average, equities analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC dropped their price target on shares of Karman from $125.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Evercore set a $100.00 target price on shares of Karman in a research note on Wednesday, May 13th. Citigroup lifted their target price on shares of Karman from $76.00 to $78.00 and gave the stock a "buy" rating in a report on Monday. Truist Financial raised shares of Karman to a "strong-buy" rating in a research report on Friday, May 1st. Finally, Piper Sandler restated an "overweight" rating and set a $91.00 price target (down from $114.00) on shares of Karman in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Karman has a consensus rating of "Moderate Buy" and a consensus target price of $95.40.

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.

Want to see what other hedge funds are holding KRMN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Karman Holdings Inc. (NYSE:KRMN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source