Donaldson Capital Management LLC Takes Position in Karman Holdings Inc. $KRMN

Donaldson Capital Management LLC acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,501,433 shares of the company’s stock, valued at approximately $252,803,000. Karman makes up approximately 8.0% of Donaldson Capital Management LLC’s investment portfolio, making the stock its biggest holding. Donaldson Capital Management LLC owned approximately 2.65% of Karman at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in 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 purchasing an additional 164 shares during the period. Amalgamated Bank grew its holdings in Karman by 9.4% in the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock worth $158,000 after purchasing an additional 188 shares during the period. Global Retirement Partners LLC grew its stake in shares of Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after buying an additional 629 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Karman in the third quarter valued at approximately $101,000. Finally, ORG Wealth Partners LLC acquired a new stake in Karman in the 3rd quarter valued at $116,000.

Insiders Place Their Bets

In related news, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.63, for a total value of $6,742,450.00. Following the sale, the chief financial officer owned 859,709 shares in the company, valued at approximately $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer owned 666,861 shares in the company, valued at approximately $42,472,377.09. This trade 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 sold 251,000 shares of company stock valued at $15,419,170.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KRMN shares. KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. BWS Financial reissued a “sell” rating and set a $37.00 target price on shares of Karman in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Citigroup raised their price objective on shares of Karman from $123.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $103.33.

Karman Price Performance

KRMN opened at $103.78 on Friday. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $118.38. The stock has a market capitalization of $13.73 billion and a PE ratio of 415.12. The stock’s 50 day moving average price is $84.22 and its 200-day moving average price is $70.89. 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 (NYSE:KRMN) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Karman had a return on equity of 11.11% and a net margin of 2.65%.The business had revenue of $121.79 million during the quarter. During the same quarter last year, the company posted $0.04 EPS. Karman’s revenue for the quarter was up 41.7% compared to the same quarter last year.

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.