Huntleigh Advisors Inc. Makes New $2.47 Million Investment in Karman Holdings Inc. $KRMN

Huntleigh Advisors Inc. purchased a new stake in Karman Holdings Inc. (NYSE:KRMN) during the third quarter, HoldingsChannel.com reports. The fund purchased 34,156 shares of the company’s stock, valued at approximately $2,466,000.

A number of other institutional investors and hedge funds have also modified their holdings of KRMN. Bank of New York Mellon Corp grew its stake in Karman by 162.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,770,498 shares of the company’s stock valued at $89,180,000 after buying an additional 1,096,790 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Karman by 285.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,336,524 shares of the company’s stock valued at $96,497,000 after purchasing an additional 989,608 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of Karman in the second quarter worth about $36,790,000. Goldman Sachs Group Inc. bought a new position in shares of Karman in the first quarter worth about $17,371,000. Finally, Franklin Resources Inc. lifted its position in shares of Karman by 91.6% during the 2nd quarter. Franklin Resources Inc. now owns 860,335 shares of the company’s stock worth $43,335,000 after purchasing an additional 411,394 shares during the last quarter.

Karman Stock Down 2.1%

Shares of KRMN stock opened at $106.18 on Wednesday. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $112.00. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. The stock has a fifty day moving average price of $76.40 and a 200 day moving average price of $67.56. The stock has a market cap of $14.05 billion and a P/E ratio of 424.70.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $121.79 million during the quarter. Karman had a net margin of 2.65% and a return on equity of 11.11%. The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 EPS.

Insider Buying and Selling

In other Karman news, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the transaction, the chief financial officer owned 859,709 shares in the company, valued at $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jonathan Beaudoin sold 74,000 shares of Karman stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the sale, the chief operating officer directly owned 666,861 shares in the company, valued at $42,472,377.09. The trade was a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 251,000 shares of company stock valued at $15,419,170 over the last quarter.

Analyst Ratings Changes

Several brokerages have commented on KRMN. Citigroup lifted their price target on Karman from $84.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada dropped their target price on shares of Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. BWS Financial began coverage on shares of Karman in a report on Monday, January 12th. They issued a “sell” rating and a $37.00 price target for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Finally, Truist Financial set a $118.00 price objective on shares of Karman in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Karman Profile

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.