Global Trust Asset Management LLC Invests $50,000 in Karman Holdings Inc. $KRMN

Global Trust Asset Management LLC acquired a new position in Karman Holdings Inc. (NYSE:KRMN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,000 shares of the company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. purchased a new position in shares of Karman in the 1st quarter worth approximately $61,024,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Karman in the 1st quarter worth approximately $58,799,000. Invesco Ltd. purchased a new position in shares of Karman in the 1st quarter worth approximately $50,220,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Karman in the 1st quarter worth approximately $48,691,000. Finally, Alliancebernstein L.P. acquired a new stake in Karman in the 1st quarter worth approximately $37,182,000.

Karman Stock Up 4.3%

Shares of NYSE KRMN opened at $71.37 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $74.51. The company has a 50 day simple moving average of $56.05 and a two-hundred day simple moving average of $46.20.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company’s revenue for the quarter was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Insider Buying and Selling at Karman

In related news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the completion of the transaction, the insider directly owned 50,450,859 shares in the company, valued at $2,472,092,091. The trade was a 31.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Willis sold 100,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the completion of the transaction, the chief financial officer owned 974,709 shares of the company’s stock, valued at approximately $47,760,741. This represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,865,968 shares of company stock valued at $1,169,432,432.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 target price for the company. Citigroup reiterated a “buy” rating and issued a $58.00 target price (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Royal Bank Of Canada lifted their target price on shares of Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Evercore ISI lifted their target price on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $68.00.

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.