Wellington Management Group LLP Buys New Position in Karman Holdings Inc. $KRMN

Key Points

• Wellington Management Group initiated a 322,229-share position in Karman Holdings, valued at approximately $16.1 million and representing 0.24% of the company.
• Karman reported strong quarterly growth, with revenue rising 58.2% year over year to $182.1 million and EPS of $0.14, exceeding analyst estimates of $0.13.
• Shares opened at $40.15, near their 12-month low of $39.19 and well below the $118.38 high. Despite multiple analyst price-target cuts, Karman retains a “Moderate Buy” consensus rating with an average target of $92.10.

Wellington Management Group LLP bought a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 322,229 shares of the company's stock, valued at approximately $16,086,000. Wellington Management Group LLP owned 0.24% of Karman at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. FIL Ltd grew its position in shares of Karman by 0.6% in the fourth quarter. FIL Ltd now owns 26,072 shares of the company's stock valued at $1,908,000 after purchasing an additional 155 shares during the last quarter. Barclays PLC increased its holdings in shares of Karman by 2.2% during the 3rd quarter. Barclays PLC now owns 12,964 shares of the company's stock worth $936,000 after buying an additional 273 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company's stock valued at $316,000 after purchasing an additional 297 shares in the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Karman by 8.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 4,050 shares of the company's stock worth $296,000 after buying an additional 300 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Karman by 889.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company's stock valued at $28,000 after purchasing an additional 347 shares during the period.

Karman Price Performance

Shares of KRMN opened at $40.15 on Monday. The firm has a market cap of $5.32 billion, a PE ratio of 138.45 and a beta of 0.47. The firm's 50 day moving average price is $50.91 and its 200 day moving average price is $66.29. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. Karman Holdings Inc. has a twelve month low of $39.19 and a twelve month high of $118.38.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on KRMN. Needham & Company LLC reduced their target price on shares of Karman from $125.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. KeyCorp lowered their price target on Karman from $122.00 to $100.00 and set an "overweight" rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada dropped their price objective on shares of Karman from $100.00 to $85.00 and set an "outperform" rating on the stock in a research note on Friday, July 24th. BWS Financial reissued a "sell" rating and set a $37.00 price target on shares of Karman in a report on Monday, August 10th. Finally, Evercore set a $100.00 price objective on Karman in a report on Wednesday, May 13th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, Karman presently has an average rating of "Moderate Buy" and a consensus price target of $92.10.

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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