249,307 Shares in Karman Holdings Inc. $KRMN Bought by Carnegie Investment Counsel

Carnegie Investment Counsel bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 249,307 shares of the company’s stock, valued at approximately $18,000,000.

A number of other institutional investors also recently modified their holdings of KRMN. Harbor Capital Advisors Inc. acquired a new position in shares of Karman during the third quarter worth about $1,857,000. Farther Finance Advisors LLC increased its stake in 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 last quarter. M & L Capital Management Ltd bought a new stake in Karman during the 3rd quarter worth about $1,069,000. Voya Investment Management LLC lifted its position in Karman by 50.9% during the 3rd quarter. Voya Investment Management LLC now owns 450,669 shares of the company’s stock worth $32,538,000 after buying an additional 151,954 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of Karman during the 3rd quarter worth about $1,772,000.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp assumed coverage on Karman in a report on Thursday, December 18th. They set an “overweight” rating and a $80.00 target price on the stock. Evercore ISI upped their price objective on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Royal Bank Of Canada decreased their target price on shares of Karman from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a report on Monday. Finally, Raymond James Financial started coverage on shares of Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Karman has an average rating of “Buy” and a consensus price target of $80.43.

Insider Transactions at Karman

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the transaction, the insider directly owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This trade represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of Karman stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the completion of the transaction, the chief operating officer owned 666,861 shares in the company, valued at approximately $42,472,377.09. This represents a 9.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 251,000 shares of company stock worth $15,419,170.

Karman Stock Performance

NYSE KRMN opened at $77.42 on Friday. The company has a fifty day moving average of $71.61 and a two-hundred day moving average of $61.69. The company has a market capitalization of $10.24 billion and a PE ratio of 309.67. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $88.82. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Karman (NYSE:KRMN) last posted its earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The business 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 firm’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.04 earnings per share.

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.