Insider Selling: Karman (NYSE:KRMN) Insider Sells $3,963,660.00 in Stock

Karman Holdings Inc. (NYSE:KRMN) insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.93, for a total value of $3,963,660.00. Following the transaction, the insider directly owned 504,939 shares in the company, valued at $32,280,750.27. This trade represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Karman Price Performance

Shares of KRMN stock opened at $60.19 on Monday. The firm has a market cap of $7.96 billion and a price-to-earnings ratio of 240.74. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $88.82. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $73.08 and a 200 day moving average price of $56.60.

Karman (NYSE:KRMN) last issued its earnings results on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The company 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%. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS.

Institutional Investors Weigh In On Karman

Several large investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares in the last quarter. Amalgamated Bank lifted its stake in Karman by 9.4% in the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock valued at $158,000 after acquiring an additional 188 shares during the last quarter. Barclays PLC increased its stake in shares of Karman by 2.2% during the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock worth $936,000 after purchasing an additional 273 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of Karman in the 3rd quarter valued at about $29,000. Finally, Global Retirement Partners LLC raised its holdings in shares of Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after purchasing an additional 629 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KRMN. Weiss Ratings raised Karman from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, November 10th. Royal Bank Of Canada reduced their target price 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 upped their price target on Karman from $58.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. 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 target on the stock. Finally, Truist Financial began coverage on shares of Karman in a report on Friday, October 10th. They set a “buy” rating and a $89.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $76.17.

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.