M & L Capital Management Ltd Makes New Investment in Karman Holdings Inc. $KRMN

M & L Capital Management Ltd bought a new stake in Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,800 shares of the company’s stock, valued at approximately $1,069,000. Karman accounts for 0.2% of M & L Capital Management Ltd’s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Karman in the 1st quarter valued at about $61,024,000. Charles Schwab Investment Management Inc. acquired a new stake in Karman during the first quarter worth approximately $4,293,000. Price T Rowe Associates Inc. MD bought a new position in Karman during the 1st quarter worth $58,799,000. OMERS ADMINISTRATION Corp acquired a new position in Karman in the 1st quarter valued at $682,000. Finally, MYDA Advisors LLC acquired a new stake in shares of Karman during the 1st quarter worth $668,000.

Analyst Ratings Changes

Several research firms recently weighed in on KRMN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a research report on Monday, December 15th. Evercore ISI upped their price objective on Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Citigroup began coverage on Karman in a research note on Thursday, December 11th. They issued a “buy” rating and a $84.00 price objective on the stock. KeyCorp started coverage on Karman in a research note on Thursday. They set an “overweight” rating and a $80.00 target price for the company. Finally, 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 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Karman presently has an average rating of “Buy” and an average price target of $80.43.

Karman Trading Up 9.9%

NYSE KRMN opened at $78.75 on Tuesday. The company has a market cap of $10.42 billion and a price-to-earnings ratio of 315.00. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $88.82. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average is $71.31 and its 200 day moving average is $60.97.

Karman (NYSE:KRMN) last issued its earnings results on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. Karman had a return on equity of 11.11% and a net margin of 2.65%.The business had revenue of $121.79 million during the quarter. During the same period in the previous year, the company earned $0.04 EPS. Karman’s revenue for the quarter was up 41.7% on a year-over-year basis.

Insider Activity at Karman

In related news, insider Stephanie Sawhill sold 62,000 shares of Karman stock in a transaction that occurred 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 sale, the insider directly owned 504,939 shares in the company, valued at $32,280,750.27. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Willis sold 115,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was 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 in the company, valued at $50,404,738.67. The trade was a 11.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 251,000 shares of company stock worth $15,419,170 in the last quarter.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.