74,958 Shares in Karman Holdings Inc. (NYSE:KRMN) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 74,958 shares of Karman Holdings Inc., valued at approximately $2.5 million, representing about 0.06% ownership of the company.
• Karman's stock price decreased by 1.9% to $50.44, with a trading volume of nearly 1.99 million shares, while the company reported an earnings beat with revenue up 20.6% year-over-year.
• Analysts have maintained a positive outlook, with multiple upgrades to price targets, including Citigroup raising its target to $58.00 and Royal Bank of Canada increasing theirs to $51.00.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 74,958 shares of the company's stock, valued at approximately $2,505,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Karman at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Karman during the first quarter valued at $107,000. Hollencrest Capital Management acquired a new stake in shares of Karman in the first quarter worth approximately $155,000. Caas Capital Management LP acquired a new stake in shares of Karman in the first quarter worth approximately $3,192,000. Jennison Associates LLC acquired a new position in Karman in the 1st quarter valued at $5,740,000. Finally, Stephens Investment Management Group LLC purchased a new position in Karman in the 1st quarter valued at $8,740,000.

Insider Buying and Selling at Karman

In other Karman news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the completion of the transaction, the insider owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. This represents a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Willis sold 100,000 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the completion of the transaction, the chief financial officer owned 974,709 shares of the company's stock, valued at $47,760,741. This represents a 9.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,865,968 shares of company stock valued at $1,169,432,432.

Karman Stock Performance

Shares of NYSE:KRMN traded down $1.42 during trading on Friday, hitting $50.28. The company's stock had a trading volume of 1,014,496 shares, compared to its average volume of 2,111,945. The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $57.31. The firm's 50 day simple moving average is $47.82.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $100.12 million for the quarter, compared to analysts' expectations of $95.40 million. The business's revenue was up 20.6% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KRMN. Royal Bank Of Canada lifted their target price on shares of Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Citigroup reissued a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Robert W. Baird boosted their price target on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Karman presently has an average rating of "Buy" and an average price target of $49.25.

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.