Karman Holdings Inc. $KRMN Holdings Reduced by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lowered its holdings in Karman Holdings Inc. (NYSE:KRMN) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 714,745 shares of the company’s stock after selling 159,829 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Karman were worth $23,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after buying an additional 297 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Karman by 3,471.4% in the second quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock worth $25,000 after acquiring an additional 486 shares during the period. CX Institutional bought a new stake in shares of Karman in the second quarter worth approximately $28,000. Hilltop National Bank raised its holdings in shares of Karman by 87.8% during the second quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock valued at $63,000 after purchasing an additional 588 shares during the last quarter. Finally, Tsfg LLC bought a new position in Karman during the second quarter valued at approximately $30,000.

Analyst Ratings Changes

KRMN has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Truist Financial dropped their price target on Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Guggenheim began coverage on Karman in a report on Monday, September 14th. They issued a “buy” rating and a $63.00 price objective for the company. Needham & Company LLC lowered their target price on Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, BWS Financial reissued a “sell” rating and issued a $37.00 target price on shares of Karman in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.33.

Insider Buying and Selling at Karman

In related news, Director David Stinnett acquired 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the purchase, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. The trade was a 0.77% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.77% of the stock is currently owned by insiders.

Karman Stock Performance

Shares of NYSE:KRMN traded up $0.36 during midday trading on Thursday, hitting $31.75. The company had a trading volume of 2,657,563 shares, compared to its average volume of 2,814,972. Karman Holdings Inc. has a 12-month low of $30.87 and a 12-month high of $118.38. The company has a fifty day moving average of $43.91 and a two-hundred day moving average of $56.25. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 109.50 and a beta of 0.64. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40.

Karman (NYSE:KRMN) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $182.06 million during the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%.The business’s revenue for the quarter was up 58.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities research analysts expect that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Karman Profile

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.