5,080 Shares in Karman Holdings Inc. (NYSE:KRMN) Purchased by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd purchased 5,080 shares of Karman Holdings Inc. valued at approximately $170,000 in the first quarter, signaling institutional interest in the company.
• Karman’s stock price increased by 6.2%, with shares currently trading around $52.08, following a previous earnings report that showed revenue growth of 35.3%.
• Several analysts have upgraded their price targets for Karman, with Citigroup raising its target to $58.00, reflecting a generally positive outlook among investment analysts who have rated the stock as a "buy".

Caitong International Asset Management Co. Ltd acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,080 shares of the company's stock, valued at approximately $170,000.

Several other hedge funds have also added to or reduced their stakes in KRMN. Bank of New York Mellon Corp acquired a new stake in Karman during the 1st quarter worth $22,515,000. Caas Capital Management LP bought a new position in Karman during the 1st quarter worth about $3,192,000. Stephens Investment Management Group LLC bought a new position in Karman during the 1st quarter worth about $8,740,000. SBI Securities Co. Ltd. bought a new position in Karman during the 1st quarter worth about $107,000. Finally, TimesSquare Capital Management LLC bought a new position in Karman during the 1st quarter worth about $14,891,000.

Insider Buying and Selling

In related news, CFO Michael Willis sold 100,000 shares of Karman stock in a transaction dated Friday, July 25th. The stock was 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 in the company, valued at approximately $47,760,741. This trade represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $3,920,000.00. Following the transaction, the chief operating officer owned 740,861 shares of the company's stock, valued at $36,302,189. The trade was a 9.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,865,968 shares of company stock worth $1,169,432,432 over the last 90 days.

Karman Price Performance

Shares of NYSE KRMN traded down $0.27 during mid-day trading on Friday, hitting $50.64. The company had a trading volume of 784,668 shares, compared to its average volume of 2,461,855. The company has a 50-day moving average price of $48.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.75 and a quick ratio of 3.23. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $57.31.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings data 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). The business's quarterly revenue was up 35.3% compared to the same quarter last year.

Analyst Ratings Changes

KRMN has been the subject of a number of research reports. Citigroup reiterated a "buy" rating and set a $58.00 target price (up previously from $46.50) on shares of Karman in a report on Monday, June 9th. Royal Bank Of Canada increased their target price on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Robert W. Baird increased their target price on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Karman presently has an average rating of "Buy" and an average price target of $50.75.

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.