Public Employees Retirement System of Ohio Purchases Shares of 8,229 Karman Holdings Inc. $KRMN

Public Employees Retirement System of Ohio acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,229 shares of the company’s stock, valued at approximately $414,000.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Karman during the first quarter worth about $107,000. US Bancorp DE purchased a new position in shares of Karman during the first quarter worth about $124,000. Hollencrest Capital Management purchased a new position in shares of Karman during the first quarter worth about $155,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Karman during the first quarter worth about $170,000. Finally, Phoenix Financial Ltd. purchased a new position in shares of Karman during the first quarter worth about $435,000.

Insider Buying and Selling at Karman

In other Karman news, CFO Michael Willis sold 100,000 shares of the business’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 $4,900,000.00. Following the transaction, the chief financial officer owned 974,709 shares in the company, valued at $47,760,741. The trade was a 9.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephanie Sawhill sold 62,000 shares of the business’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 $3,038,000.00. Following the completion of the transaction, the insider 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. Over the last 90 days, insiders have sold 23,865,968 shares of company stock worth $1,169,432,432.

Karman Price Performance

KRMN stock opened at $74.34 on Tuesday. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $75.94. The company has a 50 day moving average price of $58.36 and a two-hundred day moving average price of $47.53. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30.

Karman (NYSE:KRMN) last announced its quarterly earnings data 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 company’s quarterly revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KRMN. Raymond James Financial began coverage on shares of Karman in a research report on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price objective for the company. Weiss Ratings restated a “sell (d+)” rating on shares of Karman in a research report on Saturday, September 27th. Evercore ISI raised their price objective on shares of Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Citigroup reiterated a “buy” rating and set a $58.00 price target (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Royal Bank Of Canada lifted their price target on shares of Karman from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Karman has an average rating of “Buy” and a consensus target price of $68.00.

About Karman

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.