Investors Buy High Volume of Put Options on Karman (NYSE:KRMN)

Karman Holdings Inc. (NYSE:KRMN) was the target of some unusual options trading on Tuesday. Stock investors acquired 17,871 put options on the company. This represents an increase of 1,781% compared to the average daily volume of 950 put options.

Insider Buying and Selling at Karman

In other news, Director David Stinnett purchased 27,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $37.32 per share, with a total value of $1,007,640.00. Following the transaction, the director owned 3,530,395 shares in the company, valued at approximately $131,754,341.40. The trade was a 0.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.77% of the company’s stock.

Hedge Funds Weigh In On Karman

Several large investors have recently bought and sold shares of KRMN. Bouvel Investment Partners LLC bought a new position in shares of Karman in the third quarter valued at approximately $1,841,000. GK Wealth Management LLC acquired a new position in shares of Karman during the third quarter valued at approximately $65,000. Legacy Wealth Asset Management LLC raised its holdings in Karman by 83.8% during the third quarter. Legacy Wealth Asset Management LLC now owns 7,374 shares of the company’s stock worth $239,000 after purchasing an additional 3,361 shares in the last quarter. Congress Asset Management Co. raised its holdings in Karman by 23.8% during the third quarter. Congress Asset Management Co. now owns 1,068,811 shares of the company’s stock worth $34,651,000 after purchasing an additional 205,503 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Karman during the third quarter worth approximately $537,000.

Karman Price Performance

Shares of NYSE KRMN opened at $30.13 on Thursday. Karman has a 1-year low of $29.50 and a 1-year high of $118.38. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The business’s fifty day moving average price is $42.26 and its two-hundred day moving average price is $54.38. The firm has a market capitalization of $3.99 billion, a PE ratio of 65.54 and a beta of 0.64.

Karman (NYSE:KRMN) last posted its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $182.06 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%. The business’s quarterly revenue was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, research analysts expect that Karman will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Needham & Company LLC decreased their price objective on shares of Karman from $125.00 to $80.00 and set a “buy” rating for the company in a report on Friday, August 7th. BWS Financial reissued a “sell” rating and set a $37.00 target price on shares of Karman in a report on Monday, August 10th. Barclays initiated coverage on shares of Karman in a research report on Friday, October 9th. They issued an “overweight” rating and a $79.00 price target on the stock. Weiss Ratings upgraded shares of Karman from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Royal Bank Of Canada decreased their price target on shares of Karman from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.33.

About Karman

Karman (NYSE: KRMN), through its subsidiaries, provides engineered components and manufacturing services for the aerospace and defense industries. The company focuses on mission-critical products used in space launch vehicles, missile systems, hypersonic platforms and other high-performance aerospace applications.

Its capabilities include the design and production of composite and metallic structures, precision-machined components, complex assemblies, thermal protection products and other specialized hardware.