Charles Schwab Investment Management Inc. Invests $4.29 Million in Karman Holdings Inc. $KRMN

Key Points

• Charles Schwab Investment Management Inc. acquired 128,467 shares of Karman Holdings Inc. during the first quarter, valued at approximately $4.3 million, and held 0.10% of the company at the end of that quarter.
• Insider transactions included CFO Michael Willis selling 100,000 shares for about $4.9 million, representing a 9.30% decrease in his holdings.
• Karman reported $0.10 earnings per share for the last quarter, below analyst expectations, while analysts have raised their price targets for the stock, indicating a general consensus of "Buy" ratings.

Charles Schwab Investment Management Inc. bought a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 128,467 shares of the company's stock, valued at approximately $4,293,000. Charles Schwab Investment Management Inc. owned approximately 0.10% of Karman as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KRMN. Vanguard Group Inc. bought a new stake in shares of Karman in the first quarter worth $61,024,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Karman in the 1st quarter worth about $33,985,000. Bank of New York Mellon Corp bought a new stake in shares of Karman in the 1st quarter worth about $22,515,000. TimesSquare Capital Management LLC acquired a new stake in shares of Karman in the 1st quarter valued at about $14,891,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of Karman during the first quarter worth about $8,740,000.

Insider Activity

In other Karman news, insider Stephanie Sawhill sold 62,000 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,038,000.00. Following the completion of the transaction, the insider owned 566,939 shares in the company, valued at approximately $27,780,011. This represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Willis sold 100,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 974,709 shares in the company, 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 23,865,968 shares of company stock worth $1,169,432,432 in the last 90 days.

Analysts Set New Price Targets

Several analysts recently weighed in on KRMN shares. Royal Bank Of Canada boosted their price objective on Karman from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Robert W. Baird lifted their target price on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Finally, Citigroup reissued a "buy" rating and set a $58.00 price target (up from $46.50) on shares of Karman in a research report on Monday, June 9th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $50.75.

Karman Trading Down 0.1%

Shares of NYSE KRMN traded down $0.04 during mid-day trading on Tuesday, hitting $53.37. The company had a trading volume of 367,194 shares, compared to its average volume of 1,174,170. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $57.31. 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 firm's 50 day simple moving average is $50.24.

Karman (NYSE:KRMN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share (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.

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.