Short Interest in Karman Holdings Inc. (NYSE:KRMN) Rises By 20.8%

Karman Holdings Inc. (NYSE:KRMN) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,039,575 shares, an increase of 20.8% from the December 15th total of 6,657,286 shares. Approximately 6.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,274,356 shares, the short-interest ratio is presently 3.5 days. Based on an average daily trading volume, of 2,274,356 shares, the short-interest ratio is presently 3.5 days. Approximately 6.1% of the company’s stock are sold short.

Karman Stock Down 2.1%

Shares of KRMN stock traded down $2.32 on Tuesday, hitting $106.18. The company’s stock had a trading volume of 1,151,962 shares, compared to its average volume of 2,001,665. The stock has a market capitalization of $14.05 billion and a price-to-earnings ratio of 424.70. Karman has a fifty-two week low of $25.02 and a fifty-two week high of $112.00. The firm’s fifty day moving average price is $75.66 and its 200-day moving average price is $67.12. 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. Karman had a return on equity of 11.11% and a net margin of 2.65%.The company had revenue of $121.79 million for the quarter. During the same quarter last year, the business earned $0.04 earnings per share. Karman’s quarterly revenue was up 41.7% on a year-over-year basis.

Insider Activity

In related news, CFO Michael Willis sold 115,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the transaction, the chief financial officer directly owned 859,709 shares of the company’s stock, valued at approximately $50,404,738.67. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was 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 directly 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 251,000 shares of company stock worth $15,419,170.

Institutional Trading of Karman

Several large investors have recently modified their holdings of KRMN. GAMMA Investing LLC grew its stake in Karman by 83.7% in the 4th quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of Karman during the 3rd quarter worth about $29,000. Farther Finance Advisors LLC lifted its stake in shares of Karman by 56.4% in the third 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 period. Wexford Capital LP acquired a new stake in Karman during the third quarter worth about $41,000. Finally, Hilltop National Bank acquired a new stake in Karman during the fourth quarter worth about $42,000.

Wall Street Analysts Forecast Growth

KRMN has been the topic of several research reports. BWS Financial started coverage on shares of Karman in a research note on Monday, January 12th. They issued a “sell” rating and a $37.00 price objective on the stock. Royal Bank Of Canada lowered their price target on shares of Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. KeyCorp initiated coverage on Karman in a report on Thursday, December 18th. They set an “overweight” rating and a $80.00 price objective for the company. Truist Financial set a $118.00 price objective on Karman in a research report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average price target of $83.50.

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. 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.