Universal Beteiligungs und Servicegesellschaft mbH Sells 45,648 Shares of Karman Holdings Inc. $KRMN

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,709 shares of the company's stock after selling 45,648 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Karman worth $8,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $33,000 after buying an additional 164 shares in the last quarter. GAMMA Investing LLC grew its stake in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company's stock worth $27,000 after acquiring an additional 170 shares in the last quarter. Amalgamated Bank grew its stake in Karman by 9.4% in the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company's stock worth $158,000 after acquiring an additional 188 shares in the last quarter. Barclays PLC increased its position in shares of Karman by 2.2% during the third quarter. Barclays PLC now owns 12,964 shares of the company's stock worth $936,000 after acquiring an additional 273 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman during the third quarter valued at approximately $29,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KRMN. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Karman in a report on Thursday, April 9th. Citigroup raised their price objective on Karman from $125.00 to $127.00 and gave the stock a "buy" rating in a report on Thursday, March 26th. Evercore lifted their target price on Karman from $110.00 to $125.00 and gave the company an "outperform" rating in a research report on Thursday, January 22nd. Weiss Ratings cut Karman from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. Finally, Raymond James Financial restated a "strong-buy" rating and set a $130.00 price target on shares of Karman in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.10.

Karman Price Performance

Shares of KRMN opened at $70.14 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 3.17 and a current ratio of 3.29. The company has a 50 day moving average price of $89.53 and a 200-day moving average price of $84.44. Karman Holdings Inc. has a fifty-two week low of $33.73 and a fifty-two week high of $118.38. The stock has a market capitalization of $9.30 billion, a PE ratio of 539.57 and a beta of 2.58.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The company 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%. Karman's revenue for the quarter was up 47.5% compared to the same quarter last year. Equities analysts predict that Karman Holdings Inc. will post 0.62 earnings per share for the current fiscal year.

Karman 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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