Penserra Capital Management LLC Acquires 8,632 Shares of Karman Holdings Inc. $KRMN

Penserra Capital Management LLC lifted its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 457.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,521 shares of the company’s stock after acquiring an additional 8,632 shares during the quarter. Penserra Capital Management LLC’s holdings in Karman were worth $759,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares during the last quarter. Amalgamated Bank raised its position in shares of 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 purchasing an additional 188 shares during the period. Global Retirement Partners LLC lifted its stake 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 worth $46,000 after buying an additional 629 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Karman during the 3rd quarter worth about $101,000. Finally, ORG Wealth Partners LLC acquired a new position in Karman in the 3rd quarter valued at about $116,000.

Insider Buying and Selling at Karman

In other Karman news, CFO Michael Willis sold 115,000 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the sale, the chief financial officer directly owned 859,709 shares in the company, valued at $50,404,738.67. This represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of Karman stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the completion of the transaction, the chief operating officer owned 666,861 shares in the company, valued at approximately $42,472,377.09. The trade was a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,000 shares of company stock worth $15,419,170 over the last three months.

Karman Trading Up 6.3%

Shares of Karman stock opened at $95.44 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $118.38. The company has a market capitalization of $12.63 billion and a price-to-earnings ratio of 381.76. The firm’s 50-day moving average price is $87.55 and its two-hundred day moving average price is $72.46.

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

Wall Street Analysts Forecast Growth

KRMN has been the subject of several research reports. BWS Financial restated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price target on shares of Karman in a report on Thursday, January 22nd. Royal Bank Of Canada upped their price objective on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Citigroup increased their price objective on Karman from $123.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Finally, Evercore boosted their target price on shares of Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.