23,582 Shares in Karman Holdings Inc. $KRMN Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 23,582 shares of the company’s stock, valued at approximately $775,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. CX Institutional acquired a new position in Karman in the second quarter worth $28,000. Tsfg LLC bought a new stake in shares of Karman during the second quarter worth $30,000. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Karman during the third quarter worth $32,000. Finally, Hilltop National Bank raised 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 valued at $63,000 after buying an additional 588 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KRMN shares. Citigroup increased their price objective on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, August 10th. BWS Financial restated a “sell” rating and issued a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Weiss Ratings raised Karman from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Truist Financial cut their target price on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, UBS Group set a $40.00 target price on shares of Karman in a research note on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average price target of $73.07.

Karman Price Performance

Shares of KRMN stock opened at $40.54 on Friday. The firm’s 50 day moving average price is $36.06 and its two-hundred day moving average price is $61.21. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.87 and a current ratio of 3.10. Karman Holdings Inc. has a 52-week low of $29.34 and a 52-week high of $118.38. The stock has a market cap of $5.37 billion, a PE ratio of 81.25 and a beta of 0.45.

Karman (NYSE:KRMN) last issued its earnings results on Friday, November 6th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $201.62 million during the quarter. Karman had a net margin of 7.54% and a return on equity of 17.68%. The business’s revenue was up 65.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 EPS. As a group, analysts forecast that Karman Holdings Inc. will post 0.61 EPS for the current year.

Insider Activity

In related news, Director David Stinnett purchased 27,000 shares of Karman stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the transaction, the director directly owned 3,530,395 shares of the company’s stock, valued at approximately $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.77% of the stock is owned by corporate insiders.

About Karman

Karman Holdings, Inc. is an aerospace and defense company that designs and manufactures systems and components for missile and space programs. Its products support applications including propulsion, payload delivery, launch vehicles and spacecraft. The company supplies mission-critical hardware such as rocket motor components, separation systems, structures and related assemblies. Its products are used by government and commercial customers across the United States and in international markets. Karman brings together businesses with capabilities in engineering, manufacturing and testing for aerospace and defense applications.