UBS Group AG Purchases 471,894 Shares of Karman Holdings Inc. $KRMN

Key Points

• UBS Group AG increased its stake in Karman by 103.7% in Q4, buying 471,894 shares to hold 926,976 shares (about 0.70% of the company) worth roughly $67.8 million.
• Karman reported last-quarter revenue of $134.49 million and EPS of $0.11 (meeting estimates), with revenue up 47.5% year‑over‑year and a market cap of $8.66 billion.
• Analysts are generally positive: KRMN has a consensus rating of "Moderate Buy" and a $117.10 average price target, with several recent upward revisions from firms like Robert W. Baird and Evercore.

UBS Group AG grew its position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) by 103.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 926,976 shares of the company's stock after buying an additional 471,894 shares during the quarter. UBS Group AG owned 0.70% of Karman worth $67,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC bought a new position in shares of Karman in the 1st quarter worth approximately $10,199,000. Goldman Sachs Group Inc. bought a new position in shares of Karman in the 1st quarter worth approximately $17,371,000. Jane Street Group LLC bought a new position in shares of Karman in the 1st quarter worth approximately $532,000. Rhumbline Advisers bought a new position in shares of Karman in the 2nd quarter worth approximately $1,316,000. Finally, New York State Common Retirement Fund bought a new position in shares of Karman in the 2nd quarter worth approximately $554,000.

Karman Price Performance

NYSE KRMN opened at $65.36 on Tuesday. Karman Holdings Inc. has a 12 month low of $36.11 and a 12 month high of $118.38. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 502.78 and a beta of 0.68. The company's 50 day moving average is $88.66 and its two-hundred day moving average is $84.24. 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 (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $134.49 million for the quarter. Karman had a return on equity of 13.15% and a net margin of 3.68%.Karman's revenue was up 47.5% compared to the same quarter last year. As a group, research analysts anticipate that Karman Holdings Inc. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

KRMN has been the topic of several recent research reports. Robert W. Baird increased their price objective on shares of Karman from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, March 20th. Evercore raised their target price on Karman from $110.00 to $125.00 and gave the stock an "outperform" rating in a report on Thursday, January 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Karman in a report on Thursday, April 9th. KeyCorp raised their target price on Karman from $80.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, January 28th. Finally, BWS Financial reaffirmed a "sell" rating and issued a $37.00 target price on shares of Karman in a report on Friday, March 27th. 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 assigned a Sell rating to the company's stock. According to MarketBeat, Karman presently has a consensus rating of "Moderate Buy" and a consensus price target 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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