Karman (NYSE:KRMN) COO Sells $4,713,060.00 in Stock

Karman Holdings Inc. (NYSE:KRMN) COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $63.69, for a total transaction 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 $42,472,377.09. This represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Karman Price Performance

KRMN traded up $0.20 during trading on Friday, hitting $60.19. 2,174,631 shares of the company traded hands, compared to its average volume of 1,294,126. The company has a market cap of $7.96 billion and a PE ratio of 240.74. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $88.82. The company has a current ratio of 2.86, a quick ratio of 2.58 and a debt-to-equity ratio of 1.27. The stock’s 50-day simple moving average is $73.13 and its two-hundred day simple moving average is $56.13.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KRMN. Raymond James Financial began coverage on Karman in a research note on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price target on the stock. Royal Bank Of Canada lowered 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 upgraded shares of Karman from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Evercore ISI lifted 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. 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 analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Karman currently has an average rating of “Buy” and an average price target of $76.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KRMN. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of Karman in the third quarter valued at about $29,000. Farther Finance Advisors LLC boosted its position in Karman by 56.4% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Global Retirement Partners LLC grew its stake in Karman by 5,718.2% during the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after acquiring an additional 629 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Karman in the 2nd quarter valued at about $50,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Karman in the 3rd quarter worth approximately $75,000.

Karman Company 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.