KLP Kapitalforvaltning AS Takes $277,000 Position in Karman Holdings Inc. $KRMN

KLP Kapitalforvaltning AS purchased a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 5,500 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Karman in the first quarter worth about $22,515,000. Caas Capital Management LP acquired a new stake in Karman in the first quarter worth about $3,192,000. Stephens Investment Management Group LLC acquired a new stake in Karman in the first quarter worth about $8,740,000. SBI Securities Co. Ltd. acquired a new stake in Karman in the first quarter worth about $107,000. Finally, TimesSquare Capital Management LLC acquired a new stake in Karman in the first quarter worth about $14,891,000.

Karman Price Performance

Shares of Karman stock opened at $74.99 on Monday. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average price is $63.12 and its two-hundred day moving average price is $50.11. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $80.32.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KRMN. Evercore ISI upped their price objective on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Raymond James Financial began coverage on shares of Karman in a report on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Karman in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Truist Financial started coverage on shares of Karman in a research report on Friday, October 10th. They issued a “buy” rating and a $89.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Karman has an average rating of “Buy” and an average target price of $71.50.

Insider Buying and Selling

In other Karman news, COO Jonathan Beaudoin sold 80,000 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the sale, the chief operating officer owned 740,861 shares in the company, valued at approximately $36,302,189. The trade was a 9.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $3,038,000.00. Following the sale, the insider owned 566,939 shares in the company, valued at approximately $27,780,011. The trade was a 9.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,865,968 shares of company stock worth $1,169,432,432 in the last quarter.

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.