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

TD Asset Management Inc raised its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 50.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,654 shares of the company’s stock after acquiring an additional 13,984 shares during the quarter. TD Asset Management Inc’s holdings in Karman were worth $2,098,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KRMN. Vanguard Group Inc. bought a new stake in Karman during the first quarter valued at about $61,024,000. Price T Rowe Associates Inc. MD bought a new stake in Karman during the first quarter valued at about $58,799,000. Invesco Ltd. bought a new stake in Karman during the first quarter valued at about $50,220,000. T. Rowe Price Investment Management Inc. bought a new stake in Karman during the first quarter valued at about $48,691,000. Finally, Alliancebernstein L.P. bought a new stake in Karman during the first quarter valued at about $37,182,000.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of Karman stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the completion of the transaction, the insider owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. This trade represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 shares of Karman 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 completion of the transaction, the insider owned 566,939 shares of the company’s stock, valued at approximately $27,780,011. This represents a 9.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,865,968 shares of company stock worth $1,169,432,432.

Karman Stock Performance

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

Karman (NYSE:KRMN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $115.10 million during the quarter. The company’s revenue was up 35.3% on a year-over-year basis. 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.