Key Points
- Insider sold 62,000 shares — Stephanie Sawhill disposed of 62,000 KRMN shares on Nov. 13 at an average of $63.93 for about $3.96 million, cutting her stake by 10.94% to 504,939 shares (SEC filing).
- Karman reported Q3 EPS of $0.10 (in line with estimates) on $121.79 million revenue, a 41.7% YoY sales increase, and the stock traded up to $60.19 on above-average volume with a P/E of 240.74.
- Analyst sentiment is mostly positive — MarketBeat shows a consensus rating of Buy with an average target of $76.17 and several firms issuing Buy/Strong Buy ratings and targets roughly in the $75–$100 range.
Karman Holdings Inc. (NYSE:KRMN - Get Free Report) insider Stephanie Sawhill sold 62,000 shares of the company's stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total value of $3,963,660.00. Following the completion of the transaction, the insider owned 504,939 shares in the company, valued at $32,280,750.27. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Karman Trading Up 0.3%
Shares of NYSE KRMN traded up $0.20 during mid-day trading on Friday, reaching $60.19. 2,174,641 shares of the company's stock were exchanged, compared to its average volume of 1,588,993. The firm has a market capitalization of $7.96 billion and a price-to-earnings ratio of 240.74. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $88.82. The company's 50-day moving average is $73.08 and its 200-day moving average is $56.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.58 and a current ratio of 2.86.
Karman (NYSE:KRMN - Get Free Report) last announced its earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a net margin of 2.65% and a return on equity of 11.11%. The company's quarterly revenue was up 41.7% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS.
Institutional Investors Weigh In On Karman
Several hedge funds and other institutional investors have recently made changes to their positions in KRMN. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in Karman in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its holdings in shares of Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $33,000 after buying an additional 164 shares in the last quarter. Global Retirement Partners LLC grew its position 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 last quarter. Global Trust Asset Management LLC acquired a new stake in Karman during the 2nd quarter worth $50,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Karman in the third quarter valued at $75,000.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on KRMN shares. Weiss Ratings raised shares of Karman from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. Royal Bank Of Canada decreased their price target on shares of Karman from $93.00 to $85.00 and set an "outperform" rating for the company in a research report on Friday, November 7th. Raymond James Financial initiated coverage on Karman in a research report on Friday, September 5th. They set a "strong-buy" rating and a $100.00 price objective on the stock. Truist Financial assumed coverage on Karman in a report on Friday, October 10th. They issued a "buy" rating and a $89.00 target price for the company. Finally, Evercore ISI increased their price target on Karman from $58.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.17.
Get Our Latest Stock Analysis on KRMN
About Karman
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
