US Bancorp DE Buys Shares of 3,721 Karman Holdings Inc. (NYSE:KRMN)

US Bancorp DE bought a new stake in Karman Holdings Inc. (NYSE:KRMN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,721 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KRMN. Bank of New York Mellon Corp purchased a new stake in shares of Karman in the 1st quarter valued at approximately $22,515,000. Caas Capital Management LP purchased a new stake in shares of Karman in the 1st quarter valued at approximately $3,192,000. Stephens Investment Management Group LLC purchased a new stake in shares of Karman in the 1st quarter valued at approximately $8,740,000. SBI Securities Co. Ltd. purchased a new stake in shares of Karman in the 1st quarter valued at approximately $107,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Karman in the 1st quarter valued at approximately $14,891,000.

Insider Buying and Selling at Karman

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,038,000.00. Following the sale, the insider directly owned 566,939 shares of the company’s stock, valued at $27,780,011. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Willis sold 100,000 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the sale, the chief financial officer directly owned 974,709 shares in the company, valued at $47,760,741. This represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,865,968 shares of company stock valued at $1,169,432,432.

Karman Trading Down 0.5%

Shares of KRMN opened at $50.64 on Friday. The company has a 50-day moving average of $48.88. The company has a quick ratio of 3.23, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $57.31.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company’s quarterly revenue was up 35.3% compared to the same quarter last year.

Analyst Ratings Changes

KRMN has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on shares of Karman from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, May 14th. Royal Bank Of Canada upped their target price on shares of Karman from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Citigroup restated a “buy” rating and issued a $58.00 target price (up previously from $46.50) on shares of Karman in a report on Monday, June 9th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Karman has a consensus rating of “Buy” and an average target price of $50.75.

Karman Company 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.