1,112,555 Shares in Karman Holdings Inc. $KRMN Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. acquired 1,112,555 shares of Karman Holdings Inc. for approximately $37.2 million, representing around 0.84% of the company's stock as of their latest filing.
• Major shareholder Spaceco Spv Lp Tcfiii sold over 23.6 million shares at an average price of $49.00, resulting in a significant 31.89% decrease in their ownership.
• Analysts show positive sentiment towards Karman, with Citigroup and Raymond James issuing a "buy" and "strong-buy" rating, respectively, and target prices rising significantly to as high as $100.00.

Alliancebernstein L.P. bought a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,112,555 shares of the company's stock, valued at approximately $37,182,000. Alliancebernstein L.P. owned approximately 0.84% of Karman as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KRMN. SBI Securities Co. Ltd. acquired a new stake in Karman in the first quarter valued at approximately $107,000. US Bancorp DE acquired a new stake in shares of Karman during the first quarter worth $124,000. Hollencrest Capital Management acquired a new stake in shares of Karman during the first quarter worth $155,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Karman during the first quarter worth $170,000. Finally, Phoenix Financial Ltd. acquired a new stake in shares of Karman during the first quarter worth $435,000.

Wall Street Analyst Weigh In

KRMN has been the subject of several research reports. Raymond James Financial initiated coverage on shares of Karman in a research note on Friday, September 5th. They set a "strong-buy" rating and a $100.00 price objective for the company. Royal Bank Of Canada lifted their price objective on shares of Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Citigroup reiterated a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $60.60.

Karman Stock Up 0.5%

Shares of Karman stock traded up $0.35 during trading on Friday, hitting $64.15. 1,289,537 shares of the company's stock were exchanged, compared to its average volume of 1,334,786. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $64.50. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. The business has a 50-day simple moving average of $52.43 and a 200-day simple moving average of $43.33.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business's revenue was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

Insider Activity

In other Karman news, 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 completion of the transaction, the insider owned 50,450,859 shares of the company's stock, valued at approximately $2,472,092,091. The trade was a 31.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Willis sold 100,000 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 transaction of $4,900,000.00. Following the completion of the transaction, the chief financial officer directly owned 974,709 shares of the company's stock, valued at $47,760,741. The trade was a 9.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,865,968 shares of company stock worth $1,169,432,432 over the last three months.

About Karman

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.