Key Points
- CFO Michael Willis sold 115,000 shares at an average price of $58.63 for a total of $6,742,450, reducing his stake by 11.8% while still holding 859,709 shares valued at about $50.4 million.
- Karman reported $0.10 EPS on $121.79 million in revenue (up 41.7% year-over-year) and the stock has a market cap of ~$7.8 billion with a 12-month range of $25.02–$88.82.
- Wall Street sentiment is generally positive with a consensus "Buy" and a $76.17 average target, and several firms initiating coverage or maintaining outperform/strong-buy ratings with targets up to $100.
Karman Holdings Inc. (NYSE:KRMN - Get Free Report) CFO Michael Willis sold 115,000 shares of Karman stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the sale, the chief financial officer directly owned 859,709 shares of the company's stock, valued at $50,404,738.67. The trade was a 11.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Karman Trading Up 1.2%
Shares of NYSE:KRMN opened at $58.96 on Wednesday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The business has a 50 day moving average of $72.93 and a 200-day moving average of $56.91. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $88.82. The stock has a market cap of $7.80 billion and a PE ratio of 235.84.
Karman (NYSE:KRMN - Get Free Report) last posted its earnings results on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a return on equity of 11.11% and a net margin of 2.65%.The firm's quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS.
Institutional Investors Weigh In On Karman
Several large investors have recently made changes to their positions in KRMN. NewEdge Advisors LLC purchased a new position in shares of Karman in the 3rd quarter worth about $127,000. Alyeska Investment Group L.P. grew its holdings in Karman by 285.7% during the third quarter. Alyeska Investment Group L.P. now owns 192,841 shares of the company's stock valued at $13,923,000 after purchasing an additional 142,841 shares during the period. Voleon Capital Management LP purchased a new stake in Karman in the third quarter worth $312,000. Voloridge Investment Management LLC bought a new stake in shares of Karman in the third quarter valued at $10,717,000. Finally, Wexford Capital LP bought a new stake in shares of Karman in the third quarter valued at $41,000.
Wall Street Analysts Forecast Growth
KRMN has been the topic of a number of recent research reports. Raymond James Financial assumed coverage on shares of Karman in a report on Friday, September 5th. They set a "strong-buy" rating and a $100.00 price target on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Karman in a research report on Monday. Royal Bank Of Canada dropped their target price on shares of Karman from $93.00 to $85.00 and set an "outperform" rating on the stock in a report on Friday, November 7th. Truist Financial began coverage on shares of Karman in a report on Friday, October 10th. They issued a "buy" rating and a $89.00 price target for the company. Finally, Evercore ISI upped their price target on Karman from $58.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Karman presently has a consensus rating of "Buy" and a consensus target price of $76.17.
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Karman Company Profile
(
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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.
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