TD Asset Management Inc Purchases 13,984 Shares of Karman Holdings Inc. $KRMN

TD Asset Management Inc boosted its position in Karman Holdings Inc. (NYSE:KRMN) by 50.5% in the 2nd quarter, Holdings Channel reports. The firm owned 41,654 shares of the company’s stock after buying an additional 13,984 shares during the quarter. TD Asset Management Inc’s holdings in Karman were worth $2,098,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in Karman in the second quarter worth about $50,000. SBI Securities Co. Ltd. bought a new stake in Karman in the first quarter worth about $107,000. US Bancorp DE bought a new stake in Karman in the first quarter worth about $124,000. Hollencrest Capital Management bought a new stake in Karman in the first quarter worth about $155,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Karman in the first quarter worth about $170,000.

Analyst Upgrades and Downgrades

KRMN has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Karman in a research note on Wednesday, October 8th. Raymond James Financial initiated coverage on shares of Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price objective for the company. Evercore ISI lifted their price target on shares of Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Royal Bank Of Canada lifted their price target on shares of Karman from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Truist Financial initiated coverage on shares of Karman in a research note on Friday, October 10th. They set a “buy” rating and a $89.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $71.50.

Insider Buying and Selling at Karman

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

Karman Trading Up 1.2%

Karman stock opened at $79.16 on Wednesday. The company has a 50 day moving average price of $64.35 and a 200-day moving average price of $50.66. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $80.32.

Karman (NYSE:KRMN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $115.10 million for the quarter. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

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.