14,800 Shares in Karman Holdings Inc. $KRMN Acquired by M & L Capital Management Ltd

M & L Capital Management Ltd bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,800 shares of the company’s stock, valued at approximately $1,069,000. Karman accounts for about 0.2% of M & L Capital Management Ltd’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. bought a new position in Karman during the first quarter worth $1,632,000. Sapient Capital LLC bought a new position in shares of Karman in the 2nd quarter worth about $615,000. Public Employees Retirement System of Ohio acquired a new position in shares of Karman in the 2nd quarter valued at about $414,000. Stephens Investment Management Group LLC grew its stake in Karman by 32.7% during the second quarter. Stephens Investment Management Group LLC now owns 346,916 shares of the company’s stock worth $17,474,000 after purchasing an additional 85,403 shares during the period. Finally, Woodline Partners LP bought a new position in shares of Karman during the 1st quarter worth approximately $5,700,000.

Karman Price Performance

Shares of NYSE KRMN opened at $78.75 on Tuesday. The stock has a market cap of $10.42 billion and a price-to-earnings ratio of 315.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $88.82. The firm’s 50-day simple moving average is $71.31 and its 200 day simple moving average is $60.97.

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

Insider Buying and Selling at Karman

In other Karman news, 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 transaction, the chief operating officer directly owned 666,861 shares of the company’s stock, valued at $42,472,377.09. The trade was a 9.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 504,939 shares in the company, valued at $32,280,750.27. This trade represents a 10.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 251,000 shares of company stock worth $15,419,170.

Analyst Ratings Changes

KRMN has been the subject of several research analyst reports. Citigroup began coverage on shares of Karman in a research note on Thursday, December 11th. They issued a “buy” rating and a $84.00 price objective for the company. Raymond James Financial started coverage on Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 target price for the company. Truist Financial began coverage on Karman in a research note on Friday, October 10th. They set a “buy” rating and a $89.00 price target on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a report on Monday, December 15th. Finally, Evercore ISI boosted their price objective on Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $80.43.

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. 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.