Karman Holdings Inc. $KRMN Shares Sold by Oak Thistle LLC

Key Points

• Oak Thistle cut its stake in Karman by 76.9% in Q4, selling 18,880 shares and leaving 5,658 shares valued at about $414,000.
• Karman reported quarterly EPS of $0.11 (in line with estimates) and revenue of $134.49 million, a 47.5% year‑over‑year increase, with a net margin of 3.68%.
• Analysts are largely positive—consensus rating is "Moderate Buy" with a $117.10 target after several firms raised price targets—while the stock trades near $82.71 with a market cap of roughly $11B and an elevated P/E (~636).

Oak Thistle LLC cut its holdings in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 76.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,658 shares of the company's stock after selling 18,880 shares during the period. Oak Thistle LLC's holdings in Karman were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $33,000 after acquiring an additional 164 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Karman by 83.7% during the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company's stock valued at $27,000 after buying an additional 170 shares during the period. Amalgamated Bank grew its stake in shares of Karman by 9.4% during the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company's stock valued at $158,000 after buying an additional 188 shares during the period. Barclays PLC grew its stake in shares of Karman by 2.2% during the 3rd quarter. Barclays PLC now owns 12,964 shares of the company's stock valued at $936,000 after buying an additional 273 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new stake in shares of Karman during the 3rd quarter valued at $29,000.

Karman Stock Down 1.8%

Shares of Karman stock opened at $82.71 on Friday. The company has a fifty day moving average price of $91.23 and a 200 day moving average price of $83.56. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. Karman Holdings Inc. has a twelve month low of $29.04 and a twelve month high of $118.38. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 636.29 and a beta of 2.58.

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

Analyst Ratings Changes

KRMN has been the subject of several research reports. Royal Bank Of Canada boosted their price objective 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. Robert W. Baird boosted their price objective on shares of Karman from $115.00 to $135.00 and gave the company an "outperform" rating in a research note on Friday, March 20th. Weiss Ratings reissued a "hold (c-)" rating on shares of Karman in a research note on Friday, March 27th. Piper Sandler raised shares of Karman from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $110.00 to $127.00 in a research note on Friday, March 6th. Finally, BWS Financial reissued a "sell" rating and set a $37.00 price objective on shares of Karman in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.10.

Karman Company 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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