Stephens Investment Management Group LLC Boosts Stock Holdings in Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC boosted its holdings in Karman Holdings Inc. (NYSE:KRMN) by 285.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,336,524 shares of the company’s stock after acquiring an additional 989,608 shares during the quarter. Karman accounts for approximately 1.3% of Stephens Investment Management Group LLC’s holdings, making the stock its 16th largest position. Stephens Investment Management Group LLC owned approximately 1.01% of Karman worth $96,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Karman in the 3rd quarter worth about $101,000. ORG Wealth Partners LLC purchased a new stake in shares of Karman during the 3rd quarter valued at about $116,000. SG Americas Securities LLC bought a new stake in shares of Karman in the third quarter worth approximately $479,000. KLP Kapitalforvaltning AS raised its holdings in shares of Karman by 100.0% during the third quarter. KLP Kapitalforvaltning AS now owns 11,000 shares of the company’s stock valued at $794,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Karman by 5,718.2% during the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after purchasing an additional 629 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Royal Bank Of Canada reduced their price objective on Karman from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. KeyCorp assumed coverage on Karman in a research report on Thursday, December 18th. They issued an “overweight” rating and a $80.00 target price on the stock. BWS Financial initiated coverage on Karman in a research note on Monday, January 12th. They set a “sell” rating and a $37.00 price target for the company. Finally, Evercore ISI increased their price objective on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

Karman Stock Down 0.5%

NYSE KRMN opened at $108.95 on Friday. The stock’s 50-day moving average price is $74.92 and its 200-day moving average price is $66.37. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $112.00. The company has a market capitalization of $14.42 billion and a P/E ratio of 435.80.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a return on equity of 11.11% and a net margin of 2.65%.The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share.

Insiders Place Their Bets

In related news, insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total value of $3,963,660.00. Following the completion of the transaction, the insider owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Willis sold 115,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the sale, the chief financial officer owned 859,709 shares of the company’s stock, valued at $50,404,738.67. The trade was a 11.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 251,000 shares of company stock worth $15,419,170 over the last three months.

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.