WCM Investment Management LLC Acquires 7,898 Shares of Karman Holdings Inc. $KRMN

WCM Investment Management LLC raised its stake in Karman Holdings Inc. (NYSE:KRMN) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,703 shares of the company’s stock after acquiring an additional 7,898 shares during the quarter. WCM Investment Management LLC owned approximately 0.26% of Karman worth $24,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its position in 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. Global Retirement Partners LLC boosted its holdings in shares of Karman by 5,718.2% during the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after acquiring an additional 629 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Karman during the 3rd quarter worth $101,000. ORG Wealth Partners LLC acquired a new position in Karman in the 3rd quarter worth about $116,000. Finally, Penserra Capital Management LLC bought a new position in Karman in the second quarter valued at about $95,000.

Karman Stock Performance

KRMN stock opened at $102.97 on Tuesday. The firm has a market cap of $13.62 billion and a PE ratio of 411.87. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $85.00 and a 200-day moving average price of $71.34. Karman Holdings Inc. has a 1-year low of $25.02 and a 1-year high of $118.38.

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

Insider Activity at Karman

In other Karman news, CFO Michael Willis sold 115,000 shares of Karman stock in a transaction on Monday, November 17th. The shares were sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the sale, the chief financial officer directly owned 859,709 shares of the company’s stock, valued at approximately $50,404,738.67. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the transaction, the chief operating officer directly owned 666,861 shares in the company, valued at $42,472,377.09. This trade represents a 9.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 251,000 shares of company stock worth $15,419,170 in the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. BWS Financial restated a “sell” rating and set a $37.00 price target on shares of Karman in a report on Thursday, January 22nd. Evercore ISI raised their price target on shares of Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler assumed coverage on shares of Karman in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price objective on the stock. KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Truist Financial set a $118.00 price target on Karman in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Karman presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.