Oak Thistle LLC Makes New $1.77 Million Investment in Karman Holdings Inc. $KRMN

by · The Cerbat Gem

Oak Thistle LLC acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMN – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 24,538 shares of the company’s stock, valued at approximately $1,772,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Trust Asset Management LLC acquired a new stake in Karman during the 2nd quarter worth approximately $50,000. Penserra Capital Management LLC acquired a new position in shares of Karman in the second quarter valued at approximately $95,000. Amalgamated Bank bought a new stake in shares of Karman during the second quarter worth $100,000. Osaic Holdings Inc. acquired a new stake in shares of Karman during the second quarter worth $123,000. Finally, Teacher Retirement System of Texas bought a new stake in Karman in the 2nd quarter valued at $202,000.

Karman Price Performance

NYSE:KRMN opened at $64.76 on Thursday. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $88.82. The company has a market cap of $8.57 billion and a P/E ratio of 259.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The stock’s 50-day simple moving average is $71.50 and its 200 day simple moving average is $60.25.

Karman (NYSE:KRMN – Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm 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 business’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share.

Analysts Set New Price Targets

A number of research firms have issued reports on KRMN. Evercore ISI increased their target price on 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 Karman in a report on Friday, September 5th. They set a “strong-buy” rating and a $100.00 price objective for the company. Truist Financial assumed coverage on Karman in a research report on Friday, October 10th. They issued a “buy” rating and a $89.00 target price on the stock. Citigroup started coverage on shares of Karman in a research note on Thursday, December 11th. They set a “buy” rating and a $84.00 price target for the company. Finally, Royal Bank Of Canada lowered their price objective 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. Two research 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. According to MarketBeat.com, Karman currently has a consensus rating of “Buy” and a consensus price target of $80.50.

Read Our Latest Research Report on KRMN

Insider Activity

In other Karman news, CFO Michael Willis sold 115,000 shares of the company’s stock in a transaction on Monday, November 17th. The shares were 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 approximately $50,404,738.67. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total transaction of $3,963,660.00. Following the completion of the sale, the insider owned 504,939 shares of the company’s stock, valued at approximately $32,280,750.27. This represents a 10.94% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 251,000 shares of company stock valued at $15,419,170.

About Karman

(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.

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