26,709 Shares in Karman Holdings Inc. $KRMN Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 26,709 shares of the company’s stock, valued at approximately $865,000.

A number of other large investors have also added to or reduced their stakes in KRMN. 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 last quarter. CX Institutional bought a new position in shares of Karman during the second quarter valued at $28,000. Tsfg LLC bought a new position in shares of Karman during the second quarter valued at $30,000. Hilltop National Bank increased 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 acquiring an additional 588 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of Karman in the 3rd quarter worth about $65,000.

Karman Stock Up 0.9%

Karman stock opened at $35.34 on Thursday. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 121.86 and a beta of 0.64. The stock has a fifty day simple moving average of $39.72 and a two-hundred day simple moving average of $52.72. Karman Holdings Inc. has a 12 month low of $29.34 and a 12 month high of $118.38. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $182.06 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%. The company’s revenue for the quarter was up 58.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Equities analysts predict that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Barclays assumed coverage on shares of Karman in a research note on Friday, October 9th. They set an “overweight” rating and a $79.00 price objective for the company. Guggenheim began coverage on shares of Karman in a report on Monday, September 14th. They issued a “buy” rating and a $63.00 target price for the company. Needham & Company LLC dropped their target price on shares of Karman from $125.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.33.

Insider Buying and Selling

In other Karman news, Director David Stinnett acquired 27,000 shares of Karman 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 acquisition, the director owned 3,530,395 shares of the company’s stock, valued at $131,754,341.40. This represents a 0.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.77% of the company’s stock.

About Karman

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company’s capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.