Karman Holdings Inc. $KRMN Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its stake in Karman Holdings Inc. (NYSE:KRMN) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,062 shares of the company’s stock after selling 39,927 shares during the period. Karman comprises about 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 21st largest holding. Moody Aldrich Partners LLC owned about 0.06% of Karman worth $6,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of KRMN. Farther Finance Advisors LLC boosted its stake in shares of Karman by 56.4% in 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 during the period. Global Trust Asset Management LLC purchased a new position in Karman in the second quarter worth approximately $50,000. Penserra Capital Management LLC acquired a new position in Karman during the 2nd quarter worth approximately $95,000. Amalgamated Bank purchased a new stake in shares of Karman in the 2nd quarter valued at approximately $100,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Karman in the 2nd quarter valued at $123,000.

Karman Stock Down 2.1%

KRMN opened at $73.03 on Thursday. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $88.82. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The stock has a market capitalization of $9.66 billion and a P/E ratio of 292.12. The business’s 50-day simple moving average is $71.42 and its 200-day simple moving average is $62.40.

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

Analysts Set New Price Targets

KRMN has been the topic of several recent analyst reports. Citigroup started coverage on Karman in a report on Thursday, December 11th. They issued a “buy” rating and a $84.00 target price on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a report on Monday. Evercore ISI boosted their target price on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. KeyCorp started coverage on Karman in a report on Thursday, December 18th. They issued an “overweight” rating and a $80.00 price target for the company. Finally, Truist Financial began coverage on shares of Karman in a report on Friday, October 10th. They set a “buy” rating and a $89.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Karman has an average rating of “Buy” and an average target price of $80.43.

Insider Buying and Selling

In other news, COO Jonathan Beaudoin sold 74,000 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the completion of the sale, the chief operating officer directly owned 666,861 shares of the company’s stock, valued at approximately $42,472,377.09. This represents a 9.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their ownership of the stock. 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 in the last 90 days.

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.