Stephen Twitty Buys 275 Shares of Karman (NYSE:KRMN) Stock

Karman Holdings Inc. (NYSE:KRMN) Director Stephen Twitty bought 275 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was bought at an average price of $36.79 per share, with a total value of $10,117.25. Following the transaction, the director directly owned 2,638 shares in the company, valued at $97,052.02. This represents a 11.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Karman Stock Down 4.5%

KRMN stock opened at $35.27 on Friday. The firm’s 50-day moving average is $48.12 and its two-hundred day moving average is $63.33. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 121.61 and a beta of 0.47. Karman Holdings Inc. has a 52 week low of $33.99 and a 52 week 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 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 business had revenue of $182.06 million for the quarter. During the same quarter in the prior year, the business earned $0.10 EPS. Karman’s revenue was up 58.2% compared to the same quarter last year. On average, analysts forecast that Karman Holdings Inc. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Karman

Several hedge funds have recently modified their holdings of KRMN. EverSource Wealth Advisors LLC boosted its position in shares of Karman by 889.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 386 shares of the company’s stock valued at $28,000 after purchasing an additional 347 shares during the period. Huntington National Bank acquired a new stake in Karman during the 4th quarter worth about $32,000. Parkside Financial Bank & Trust raised its holdings in Karman by 3,471.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock worth $25,000 after buying an additional 486 shares during the period. CX Institutional acquired a new position in shares of Karman in the second quarter worth about $28,000. Finally, Tsfg LLC purchased a new position in shares of Karman in the second quarter worth approximately $30,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup boosted their price objective on Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada reduced their price objective on shares of Karman from $100.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. BWS Financial reaffirmed a “sell” rating and issued a $37.00 price objective on shares of Karman in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Karman from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 10th. Finally, Truist Financial cut their target price on shares of Karman from $118.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Karman has an average rating of “Moderate Buy” and a consensus target price of $89.45.

About Karman

Karman is an aerospace and defense company that develops and manufactures mission-critical components, structures and systems for space and defense applications. Its offerings support launch vehicles, satellites, hypersonic systems and other advanced aerospace platforms.

The company provides capabilities across engineered metallic and composite structures, precision components, propulsion-related products and other specialized assemblies. Karman serves government and commercial aerospace customers involved in space launch, national security and defense programs.

Operating through a portfolio of aerospace and defense businesses, Karman combines design, engineering and manufacturing capabilities for complex, high-performance applications.