Oak Thistle LLC Takes Position in Karman Holdings Inc. $KRMN

Oak Thistle LLC acquired a new position in Karman Holdings Inc. (NYSE:KRMN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 24,538 shares of the company’s stock, valued at approximately $1,772,000.

Other large investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new stake in Karman in the 2nd quarter worth $50,000. Penserra Capital Management LLC bought a new stake in shares of Karman in the second quarter valued at about $95,000. Amalgamated Bank bought a new stake in shares of Karman in the second quarter valued at about $100,000. Osaic Holdings Inc. bought a new position in Karman during the second quarter valued at about $123,000. Finally, Teacher Retirement System of Texas acquired a new position in Karman in the 2nd quarter valued at approximately $202,000.

Karman Stock Performance

KRMN stock opened at $64.76 on Thursday. The business’s fifty day moving average is $71.50 and its 200-day moving average is $60.25. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The company has a market cap of $8.57 billion and a P/E ratio of 259.04. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $88.82.

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

Insider Activity

In other Karman news, COO Jonathan Beaudoin sold 74,000 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the completion of the sale, the chief operating officer 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the completion of the sale, the insider owned 504,939 shares in the company, valued at approximately $32,280,750.27. This trade 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 valued at $15,419,170 in the last ninety days.

Wall Street Analyst Weigh In

KRMN has been the topic of several analyst reports. Citigroup started coverage on shares of Karman in a report on Thursday, December 11th. They issued a “buy” rating and a $84.00 price target on the stock. Truist Financial started coverage on Karman in a research report on Friday, October 10th. They issued a “buy” rating and a $89.00 price objective for the company. Evercore ISI upped their target price on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Royal Bank Of Canada decreased their price target on Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Karman presently has a consensus rating of “Buy” and an average target price of $80.50.

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.