Karman (NYSE:KRMN) Director David Stinnett Buys 27,000 Shares of Stock

Karman Holdings Inc. (NYSE:KRMN) Director David Stinnett purchased 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the acquisition, the director directly owned 3,530,395 shares of the company’s stock, valued at $131,754,341.40. This represents a 0.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Karman Trading Down 4.5%

NYSE KRMN opened at $35.27 on Friday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 121.61 and a beta of 0.47. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. Karman Holdings Inc. has a 12 month low of $33.99 and a 12 month high of $118.38. The company’s fifty day moving average price is $48.12 and its two-hundred day moving average price is $63.33.

Karman (NYSE:KRMN) last released its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $182.06 million during the quarter. Karman had a net margin of 6.31% and a return on equity of 15.54%. Karman’s revenue for the quarter was up 58.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. As a group, research analysts predict that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings cut Karman from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 10th. Citigroup lifted their target price on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. BWS Financial reissued a “sell” rating and set a $37.00 price target on shares of Karman in a research report on Monday, August 10th. Piper Sandler restated an “overweight” rating and set a $91.00 price objective (down from $114.00) on shares of Karman in a research note on Friday, August 7th. Finally, Guggenheim started coverage on shares of Karman in a report on Monday. They issued a “buy” rating and a $63.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.45.

Institutional Investors Weigh In On Karman

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Karman by 889.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the period. Huntington National Bank acquired a new stake in shares of Karman in the 4th quarter worth about $32,000. Parkside Financial Bank & Trust lifted its position in Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. CX Institutional bought a new stake in Karman in the 2nd quarter valued at about $28,000. Finally, Tsfg LLC acquired a new position in Karman during the 2nd quarter valued at about $30,000.

About Karman

Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.

The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.

Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.