Massachusetts Financial Services Co. MA Raises Stock Position in Karman Holdings Inc. $KRMN

Key Points

• Massachusetts Financial Services raised its stake in Karman by 6.0% in Q4 to 365,396 shares (about $26.7M), while other institutions — notably the Robert Wood Johnson Foundation (~$70.5M) and TimesSquare Capital (up 361.7% to 1,546,905 shares, ~$111.7M) — also made large buys.
• Wall Street sentiment has turned positive with multiple firms raising price targets (many to the $125–$127 range); the stock carries a consensus "Moderate Buy" rating and an average price target of $117.10 versus the recent ~$92.44 share price.
• Karman reported Q revenue of $134.5M (up 47.5% YoY) and EPS of $0.11 in line with estimates, but carries a very high valuation (PE ~711) and a market cap of about $12.25 billion.

Massachusetts Financial Services Co. MA increased its stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,396 shares of the company's stock after purchasing an additional 20,681 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.28% of Karman worth $26,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Robert Wood Johnson Foundation purchased a new stake in Karman in the third quarter worth approximately $70,488,000. Congress Asset Management Co. purchased a new stake in Karman in the fourth quarter worth approximately $24,212,000. Federated Hermes Inc. purchased a new stake in Karman in the third quarter worth approximately $2,055,000. TimesSquare Capital Management LLC boosted its holdings in Karman by 361.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company's stock worth $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter. Finally, Huntleigh Advisors Inc. purchased a new stake in Karman in the third quarter worth approximately $2,466,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KRMN. Evercore raised their target price on shares of Karman from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, January 22nd. Citigroup increased their price target on shares of Karman from $125.00 to $127.00 and gave the stock a "buy" rating in a research report on Thursday, March 26th. Royal Bank Of Canada increased their price target on shares of Karman from $85.00 to $125.00 and gave the stock an "outperform" rating in a research report on Thursday, January 22nd. KeyCorp increased their price target on shares of Karman from $80.00 to $122.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. Finally, Piper Sandler upgraded shares of Karman from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $110.00 to $127.00 in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.10.

Karman Stock Up 2.5%

KRMN opened at $92.44 on Thursday. The company has a current ratio of 3.29, a quick ratio of 3.17 and a debt-to-equity ratio of 1.50. Karman Holdings Inc. has a 1-year low of $31.64 and a 1-year high of $118.38. The company has a market capitalization of $12.25 billion, a PE ratio of 711.13 and a beta of 2.58. The firm's 50 day simple moving average is $90.39 and its two-hundred day simple moving average is $84.03.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $134.49 million for the quarter. Karman had a net margin of 3.68% and a return on equity of 13.15%. The business's revenue for the quarter was up 47.5% on a year-over-year basis.

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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