Bouvel Investment Partners LLC Buys 56,786 Shares of Karman Holdings Inc. $KRMN

Bouvel Investment Partners LLC bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 56,786 shares of the company’s stock, valued at approximately $1,841,000.

A number of other large investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in Karman by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock worth $316,000 after purchasing an additional 297 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Karman by 3,471.4% during the second quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after buying an additional 486 shares during the last quarter. CX Institutional bought a new position in shares of Karman during the second quarter valued at about $28,000. Hilltop National Bank increased its holdings in shares of Karman by 87.8% in the second quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock worth $63,000 after buying an additional 588 shares during the period. Finally, Tsfg LLC purchased a new position in shares of Karman in the second quarter worth about $30,000.

Insider Buying and Selling at Karman

In other news, Director David Stinnett bought 27,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director owned 3,530,395 shares in the company, valued at approximately $131,754,341.40. This trade represents a 0.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.77% of the company’s stock.

Karman Trading Down 5.4%

KRMN traded down $1.71 during trading on Tuesday, hitting $30.17. 2,756,630 shares of the stock traded hands, compared to its average volume of 2,807,125. The firm has a market capitalization of $4.00 billion, a P/E ratio of 104.05 and a beta of 0.64. Karman Holdings Inc. has a 12-month low of $29.86 and a 12-month high of $118.38. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The firm has a 50-day moving average of $43.24 and a 200 day moving average of $55.26.

Karman (NYSE:KRMN) last released its quarterly earnings data 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. Karman had a net margin of 6.31% and a return on equity of 15.54%. The firm had revenue of $182.06 million for the quarter. During the same quarter in the previous year, the firm posted $0.10 EPS. Karman’s revenue was up 58.2% compared to the same quarter last year. Equities research analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

KRMN has been the subject of a number of recent research reports. Guggenheim assumed coverage on Karman in a research note on Monday, September 14th. They issued a “buy” rating and a $63.00 target price for the company. Barclays initiated coverage on Karman in a report on Friday. They set an “overweight” rating and a $79.00 target price for the company. Piper Sandler restated an “overweight” rating and set a $91.00 price target (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Citigroup lifted their price target on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, BWS Financial reiterated a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $87.33.

About Karman

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.