Bouvel Investment Partners LLC Purchases 56,786 Shares of Karman Holdings Inc. $KRMN

Key Points

• Bouvel Investment Partners purchased 56,786 Karman Holdings shares in the third quarter, valued at approximately $1.84 million. Several other institutional investors also recently initiated or increased positions.
• Analysts remain broadly bullish, with Karman receiving a consensus “Moderate Buy” rating and an average price target of $87.33, despite individual targets ranging from $63 to $91.
• Karman’s shares fell to $30.17, near their one-year low of $29.86, while quarterly revenue rose 58.2% year over year to $182.06 million and earnings per share exceeded estimates.

Bouvel Investment Partners LLC purchased a new stake in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 56,786 shares of the company's stock, valued at approximately $1,841,000.

Several other institutional investors have also recently made changes to their positions in the company. Falcon Wealth Planning purchased a new stake in shares of Karman in the first quarter worth $205,684,000. Rokos Capital Management LLP purchased a new position in Karman during the first quarter worth about $35,261,000. Wellington Management Group LLP purchased a new position in Karman during the second quarter worth about $16,086,000. Ranger Investment Management L.P. bought a new position in Karman in the 2nd quarter worth about $13,902,000. Finally, Bank of America Corp DE increased its stake in Karman by 123.8% in the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company's stock worth $36,785,000 after acquiring an additional 254,161 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on KRMN. Citigroup raised their price target on Karman from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, August 10th. Guggenheim started coverage on Karman in a report on Monday, September 14th. They set a "buy" rating and a $63.00 price objective for the company. Weiss Ratings upgraded shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. Barclays began coverage on shares of Karman in a research note on Friday. They issued an "overweight" rating and a $79.00 target price on the stock. Finally, Piper Sandler reiterated an "overweight" rating and set a $91.00 target price (down from $114.00) on shares of Karman in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Karman has an average rating of "Moderate Buy" and a consensus price target of $87.33.

Insider Buying and Selling at Karman

In other news, Director David Stinnett acquired 27,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were bought at an average cost of $37.32 per share, with a total value of $1,007,640.00. Following the acquisition, the director owned 3,530,395 shares in the company, valued at approximately $131,754,341.40. This represents a 0.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.77% of the company's stock.

Karman Price Performance

KRMN traded down $1.71 during trading on Tuesday, reaching $30.17. The stock had a trading volume of 2,756,630 shares, compared to its average volume of 2,807,125. The stock has a market cap of $4.00 billion, a PE ratio of 104.05 and a beta of 0.64. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. Karman Holdings Inc. has a one year low of $29.86 and a one year high of $118.38. The business has a 50-day moving average of $43.24 and a 200-day moving average of $55.26.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%. The business had revenue of $182.06 million for the quarter. During the same quarter in the previous year, the business earned $0.10 EPS. The company's revenue for the quarter was up 58.2% on a year-over-year basis. As a group, equities research analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current fiscal year.

Karman Profile

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.

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