Oregon Public Employees Retirement Fund Buys New Position in Karman Holdings Inc. $KRMN

Oregon Public Employees Retirement Fund acquired a new stake in Karman Holdings Inc. (NYSE:KRMN) during the third quarter, HoldingsChannel.com reports. The fund acquired 28,000 shares of the company’s stock, valued at approximately $908,000.

A number of other hedge funds have also bought and sold shares of KRMN. Janney Montgomery Scott LLC lifted its stake in shares of Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company’s stock valued at $316,000 after purchasing an additional 297 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Karman by 15.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 2,526 shares of the company’s stock valued at $82,000 after acquiring an additional 345 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Karman by 3,471.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company’s stock valued at $25,000 after acquiring an additional 486 shares during the period. CX Institutional bought a new position in Karman during the second quarter worth $28,000. Finally, Hilltop National Bank boosted its position in shares of Karman by 87.8% during the 2nd quarter. Hilltop National Bank now owns 1,258 shares of the company’s stock worth $63,000 after purchasing an additional 588 shares in the last quarter.

Insiders Place Their Bets

In other news, Director David Stinnett bought 27,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was acquired at an average cost of $37.32 per share, with a total value of $1,007,640.00. Following the completion of the transaction, the director directly owned 3,530,395 shares of the company’s stock, valued at $131,754,341.40. This represents a 0.77% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays increased their price target on Karman from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group set a $40.00 price objective on shares of Karman in a report on Thursday, October 22nd. Needham & Company LLC decreased their target price on shares of Karman from $80.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial dropped their price target on shares of Karman from $118.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Citigroup lifted their price target on Karman from $76.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.07.

Karman Stock Performance

Shares of Karman stock opened at $45.92 on Tuesday. The business’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $62.21. The company has a current ratio of 3.56, a quick ratio of 3.40 and a debt-to-equity ratio of 2.01. Karman Holdings Inc. has a 12 month low of $29.34 and a 12 month high of $118.38. The firm has a market capitalization of $6.09 billion, a P/E ratio of 74.28 and a beta of 0.45.

Karman (NYSE:KRMN) last announced its earnings results on Friday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $201.62 million during the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%. The company’s revenue for the quarter was up 65.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. As a group, analysts anticipate that Karman Holdings Inc. will post 0.63 EPS for the current year.

Karman Company Profile

Karman Holdings, Inc is an aerospace and defense company that designs and manufactures systems and components for missile and space programs. Its products support applications including propulsion, payload delivery, launch vehicles and spacecraft.

The company supplies mission-critical hardware such as rocket motor components, separation systems, structures and related assemblies. Its products are used by government and commercial customers across the United States and in international markets.

Karman brings together businesses with capabilities in engineering, manufacturing and testing for aerospace and defense applications.