
Karman Holdings Inc. (NYSE:KRMN – Free Report) – Analysts at William Blair dropped their FY2025 earnings per share (EPS) estimates for Karman in a research note issued to investors on Wednesday, August 13th. William Blair analyst L. Dipalma now expects that the company will post earnings of $0.33 per share for the year, down from their previous forecast of $0.42. William Blair also issued estimates for Karman’s FY2026 earnings at $0.51 EPS and FY2027 earnings at $0.65 EPS.
Several other research firms have also recently weighed in on KRMN. Royal Bank Of Canada boosted their price objective on Karman from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Citigroup reissued a “buy” rating and issued a $58.00 price objective (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Robert W. Baird boosted their price objective on Karman from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $50.75.
Karman Stock Down 0.5%
Shares of NYSE:KRMN opened at $50.64 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.23 and a current ratio of 2.75. Karman has a 12-month low of $25.02 and a 12-month high of $57.31. The firm’s 50 day moving average is $48.88.
Karman (NYSE:KRMN – Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business’s quarterly revenue was up 35.3% on a year-over-year basis.
Insider Transactions at Karman
In other news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $1,157,574,432.00. Following the transaction, the insider owned 50,450,859 shares of the company’s stock, valued at $2,472,092,091. This represents a 31.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,038,000.00. Following the transaction, the insider directly owned 566,939 shares in the company, valued at $27,780,011. This represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,865,968 shares of company stock worth $1,169,432,432 over the last quarter.
Institutional Trading of Karman
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC bought a new stake in shares of Karman during the 2nd quarter valued at $50,000. Penserra Capital Management LLC bought a new stake in shares of Karman during the 2nd quarter valued at $95,000. Amalgamated Bank bought a new stake in shares of Karman during the 2nd quarter valued at $100,000. SBI Securities Co. Ltd. bought a new stake in shares of Karman during the 1st quarter valued at $107,000. Finally, US Bancorp DE bought a new stake in shares of Karman during the 1st quarter valued at $124,000.
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.
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