Tribune Investment Group LP Invests $3.21 Million in Karman Holdings Inc. $KRMN

Key Points

• Tribune Investment Group LP initiated a $3.21 million position in Karman Holdings, purchasing 64,200 shares and making it the fund’s 25th-largest holding. Other major institutions, including Vanguard, Invesco and State Street, also increased their stakes.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $92.10 price target, although several firms recently lowered their targets and one analyst maintains a sell rating.
• Karman reported quarterly earnings of $0.14 per share, exceeding estimates, while revenue rose 58.2% year over year to $182.06 million. Shares opened at $53.37, well below the 12-month high of $118.38.

Tribune Investment Group LP acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 64,200 shares of the company's stock, valued at approximately $3,205,000. Karman accounts for 1.3% of Tribune Investment Group LP's investment portfolio, making the stock its 25th largest position.

Several other institutional investors have also recently added to or reduced their stakes in KRMN. Vanguard Group Inc. lifted its position in Karman by 151.1% during the fourth quarter. Vanguard Group Inc. now owns 9,342,230 shares of the company's stock worth $683,571,000 after buying an additional 5,621,556 shares during the period. Invesco Ltd. grew its holdings in Karman by 27.3% in the 4th quarter. Invesco Ltd. now owns 4,088,649 shares of the company's stock valued at $299,166,000 after buying an additional 877,462 shares during the period. State Street Corp increased its stake in shares of Karman by 35.0% during the 4th quarter. State Street Corp now owns 3,326,430 shares of the company's stock valued at $243,395,000 after acquiring an additional 862,089 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Karman by 3.3% during the 1st quarter. First Trust Advisors LP now owns 2,891,687 shares of the company's stock valued at $231,480,000 after acquiring an additional 93,565 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Karman by 125.3% during the 4th quarter. Van ECK Associates Corp now owns 2,867,379 shares of the company's stock worth $209,806,000 after acquiring an additional 1,594,518 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KRMN. Piper Sandler reissued an "overweight" rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. BWS Financial reaffirmed a "sell" rating and set a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Citigroup upped their price target on shares of Karman from $76.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. KeyCorp cut their price target on shares of Karman from $122.00 to $100.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned 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 an average rating of "Moderate Buy" and a consensus price target of $92.10.

Karman Stock Performance

Karman stock opened at $53.37 on Monday. The stock's 50-day moving average is $51.68 and its 200-day moving average is $69.44. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 184.04 and a beta of 0.56. 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 Holdings Inc. has a 12 month low of $43.68 and a 12 month high of $118.38.

Karman (NYSE:KRMN - Get Free Report) last released 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. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business had revenue of $182.06 million for the quarter. During the same period in the prior year, the firm earned $0.10 earnings per share. The business's revenue for the quarter was up 58.2% on a year-over-year basis. Equities analysts anticipate that Karman Holdings Inc. will post 0.58 earnings per share for the current 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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