Jonathan Beaudoin Sells 74,000 Shares of Karman (NYSE:KRMN) Stock

Karman Holdings Inc. (NYSE:KRMN) COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was 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. This represents a 9.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Karman Stock Performance

KRMN opened at $60.19 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.58 and a current ratio of 2.86. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $88.82. The firm has a market cap of $7.96 billion and a P/E ratio of 240.74. The business’s fifty day moving average is $73.08 and its 200-day moving average is $56.46.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KRMN. Truist Financial began coverage on shares of Karman in a research note on Friday, October 10th. They issued a “buy” rating and a $89.00 price objective on the stock. Royal Bank Of Canada cut their price objective on Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Evercore ISI boosted their target price on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings upgraded Karman from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, November 10th. Finally, Raymond James Financial began coverage on Karman in a research note on Friday, September 5th. They issued a “strong-buy” rating and a $100.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $76.17.

Institutional Trading of Karman

A number of institutional investors and hedge funds have recently modified their holdings of KRMN. Baird Financial Group Inc. bought a new position in shares of Karman in the 1st quarter worth approximately $1,632,000. Sapient Capital LLC purchased a new position in shares of Karman during the 2nd quarter valued at $615,000. Stephens Investment Management Group LLC boosted its stake in shares of Karman by 32.7% in the second quarter. Stephens Investment Management Group LLC now owns 346,916 shares of the company’s stock worth $17,474,000 after acquiring an additional 85,403 shares during the period. Woodline Partners LP purchased a new stake in Karman during the 1st quarter valued at approximately $5,700,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Karman during the first quarter valued at $4,293,000.

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.