150,000 Shares in Karman Holdings Inc. $KRMN Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. recently acquired a stake of $5.01 million in Karman Holdings Inc. during the first quarter, totaling 150,000 shares.
• Several large investors, including Vanguard Group and Price T Rowe Associates, also purchased significant stakes in Karman, with total investments exceeding $61 million.
• Brokerages have projected a positive outlook for Karman, raising their price targets, with consensus ratings reflecting a general sentiment of "strong buy" from analysts.

Alyeska Investment Group L.P. bought a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150,000 shares of the company's stock, valued at approximately $5,013,000. Alyeska Investment Group L.P. owned 0.11% of Karman as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Investment Management Group LLC bought a new position in Karman in the first quarter valued at approximately $8,740,000. Charles Schwab Investment Management Inc. bought a new position in shares of Karman in the 1st quarter valued at $4,293,000. Baird Financial Group Inc. acquired a new position in shares of Karman during the 1st quarter worth $1,632,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Karman during the 1st quarter worth $48,691,000. Finally, Jennison Associates LLC bought a new stake in shares of Karman during the 1st quarter worth $5,740,000.

Karman Price Performance

NYSE KRMN traded up $1.49 on Thursday, reaching $63.71. The company had a trading volume of 1,408,252 shares, compared to its average volume of 1,320,361. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $64.47. The business has a 50 day moving average of $52.05 and a two-hundred day moving average of $43.01.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The company's quarterly 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 news, COO Jonathan Beaudoin sold 80,000 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,920,000.00. Following the completion of the sale, the chief operating officer directly owned 740,861 shares in the company, valued at $36,302,189. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction, the insider directly owned 566,939 shares of the company's stock, valued at $27,780,011. This represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,865,968 shares of company stock worth $1,169,432,432.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KRMN. Citigroup reiterated a "buy" rating and issued a $58.00 target price (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Robert W. Baird upped their price objective on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Raymond James Financial initiated coverage on shares of Karman in a research note on Friday, September 5th. They issued a "strong-buy" rating and a $100.00 price objective for the company. Finally, Royal Bank Of Canada boosted their target price 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. Two research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $60.60.

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.