Stephens Investment Management Group LLC Grows Stock Holdings in Karman Holdings Inc. $KRMN

Stephens Investment Management Group LLC lifted its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 32.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 346,916 shares of the company’s stock after buying an additional 85,403 shares during the period. Stephens Investment Management Group LLC’s holdings in Karman were worth $17,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC acquired a new position in shares of Karman in the second quarter worth $50,000. SBI Securities Co. Ltd. purchased a new stake in shares of Karman in the first quarter valued at about $107,000. US Bancorp DE purchased a new position in Karman during the first quarter worth about $124,000. Hollencrest Capital Management purchased a new position in Karman during the first quarter worth about $155,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Karman during the first quarter worth about $170,000.

Insider Activity

In related news, COO Jonathan Beaudoin sold 80,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the transaction, the chief operating officer owned 740,861 shares of the company’s stock, valued at approximately $36,302,189. The trade was a 9.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael Willis sold 100,000 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the completion of the sale, the chief financial officer directly owned 974,709 shares in the company, valued at $47,760,741. This trade represents a 9.30% 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 valued at $1,169,432,432 over the last three months.

Karman Price Performance

Shares of KRMN opened at $77.14 on Thursday. The company’s 50 day moving average price is $64.85 and its 200 day moving average price is $50.84. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $80.32. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $115.10 million for the quarter. The company’s revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KRMN. Truist Financial began 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. Royal Bank Of Canada increased their price target on shares of Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Evercore ISI raised their target price on shares of Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Raymond James Financial initiated coverage on shares of Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Karman in a report on Wednesday, October 8th. Two 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’s stock. According to data from MarketBeat.com, Karman currently has a consensus rating of “Buy” and an average target price of $71.50.

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.