Ranger Investment Management L.P. Takes $13.90 Million Position in Karman Holdings Inc. $KRMN

Key Points

• Ranger Investment Management acquired 278,485 Karman Holdings shares worth approximately $13.9 million, representing a 0.21% stake. Other institutional investors, including Vanguard and VanEck, also increased their holdings.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $92.10, despite several recent target-price cuts.
• Karman reported quarterly revenue growth of 58.2% year over year and EPS of $0.14, beating expectations, while its shares recently traded at $53.37—well below the 52-week high of $118.38.

Ranger Investment Management L.P. acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 278,485 shares of the company's stock, valued at approximately $13,902,000. Ranger Investment Management L.P. owned 0.21% of Karman at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Karman by 151.1% in the 4th quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company's stock valued at $683,571,000 after acquiring an additional 5,621,556 shares during the period. Falcon Wealth Planning purchased a new position in Karman during the first quarter valued at $205,684,000. Schusterman Interests LLC acquired a new stake in shares of Karman in the third quarter valued at about $148,024,000. Trustees of the University of Pennsylvania acquired a new stake in shares of Karman in the fourth quarter valued at about $142,869,000. Finally, Van ECK Associates Corp increased its stake in shares of Karman by 125.3% during the fourth quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company's stock worth $209,806,000 after purchasing an additional 1,594,518 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KRMN. Weiss Ratings raised shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. KeyCorp reduced their target price on Karman from $122.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Evercore set a $100.00 target price on Karman in a research report on Wednesday, May 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $91.00 price target (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Finally, Needham & Company LLC dropped their price target on Karman from $125.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 7th. One research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.10.

Karman Trading Down 0.1%

KRMN opened at $53.37 on Monday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 184.04 and a beta of 0.56. The company's 50 day simple moving average is $51.68 and its two-hundred day simple moving average is $69.44. Karman Holdings Inc. has a 1-year low of $43.68 and a 1-year high of $118.38. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business had revenue of $182.06 million during the quarter. During the same quarter last year, the company earned $0.10 earnings per share. Karman's revenue for the quarter was up 58.2% on a year-over-year basis. Analysts expect that Karman Holdings Inc. will post 0.58 EPS for the current fiscal year.

About Karman

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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