Select Equity Group L.P. Purchases Shares of 196,000 Karman Holdings Inc. $KRMN

Select Equity Group L.P. purchased a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 196,000 shares of the company's stock, valued at approximately $6,550,000. Select Equity Group L.P. owned about 0.15% of Karman at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in shares of Karman in the 1st quarter valued at about $10,199,000. Alliancebernstein L.P. bought a new stake in shares of Karman during the 1st quarter valued at about $37,182,000. Alyeska Investment Group L.P. bought a new stake in shares of Karman during the 1st quarter valued at about $5,013,000. HBK Investments L P bought a new stake in shares of Karman during the 1st quarter valued at about $3,342,000. Finally, Durable Capital Partners LP bought a new stake in shares of Karman during the 1st quarter valued at about $19,216,000.

Analysts Set New Price Targets

Several brokerages recently commented on KRMN. Citigroup restated a "buy" rating and set a $58.00 target price (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Raymond James Financial started coverage on Karman in a report on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 price target on the stock. Finally, Royal Bank Of Canada increased their price objective on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $60.60.

Insider Buying and Selling

In related news, insider Stephanie Sawhill sold 62,000 shares of Karman stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $3,038,000.00. Following the completion of the sale, the insider owned 566,939 shares of the company's stock, valued at approximately $27,780,011. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of Karman stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the sale, the insider directly owned 50,450,859 shares of the company's stock, valued at $2,472,092,091. This represents a 31.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,865,968 shares of company stock valued at $1,169,432,432 over the last three months.

Karman Price Performance

Shares of KRMN traded up $0.35 on Friday, reaching $64.15. 1,289,537 shares of the company's stock traded hands, compared to its average volume of 1,334,786. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75. The stock's 50 day simple moving average is $52.43 and its two-hundred day simple moving average is $43.24. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $64.50.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Karman's revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Karman 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.