Karman Holdings Inc. $KRMN Stock Holdings Increased by Conestoga Capital Advisors LLC

Key Points

• Conestoga Capital Advisors increased its Karman stake by 8.1% in the third quarter, adding 64,580 shares to bring its holdings to 863,076 shares, valued at about $28 million.
• Analyst views are broadly positive but include notable target cuts: Karman has a “Moderate Buy” consensus rating and a $75.07 average price target, while RBC lowered its target to $60 and KeyCorp to $65.
• Karman reported quarterly revenue growth of 58.2% year over year and EPS of $0.14, beating the $0.13 consensus estimate. Shares opened at $34.40, well below their 52-week high of $118.38.

Conestoga Capital Advisors LLC lifted its holdings in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 863,076 shares of the company's stock after buying an additional 64,580 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.65% of Karman worth $27,981,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Karman by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company's stock valued at $316,000 after acquiring an additional 297 shares during the period. SBI Securities Co. Ltd. boosted its stake in Karman by 15.8% during the third quarter. SBI Securities Co. Ltd. now owns 2,526 shares of the company's stock worth $82,000 after acquiring an additional 345 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Karman by 3,471.4% during the second quarter. Parkside Financial Bank & Trust now owns 500 shares of the company's stock worth $25,000 after acquiring an additional 486 shares in the last quarter. CX Institutional purchased a new stake in Karman in the second quarter worth about $28,000. Finally, Hilltop National Bank grew its holdings in Karman by 87.8% in the second quarter. Hilltop National Bank now owns 1,258 shares of the company's stock worth $63,000 after purchasing an additional 588 shares during the period.

Analyst Ratings Changes

KRMN has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on shares of Karman from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, October 28th. KeyCorp cut their price target on Karman from $100.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday. Weiss Ratings upgraded Karman from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. BWS Financial reaffirmed a "sell" rating and set a $37.00 price objective on shares of Karman in a research report on Monday, August 10th. Finally, UBS Group set a $40.00 price objective on Karman in a research note on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $75.07.

Karman Stock Performance

Shares of KRMN stock opened at $34.40 on Thursday. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 85.89 and a beta of 0.45. 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 $29.34 and a one year high of $118.38. The company's 50-day moving average is $36.29 and its 200 day moving average is $63.19.

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

Insiders Place Their Bets

In related news, Director David Stinnett acquired 27,000 shares of Karman stock in a transaction dated Wednesday, September 16th. The stock was purchased at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the purchase, the director directly owned 3,530,395 shares of the company's stock, valued at approximately $131,754,341.40. This trade represents a 0.77% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.77% of the company's stock.

Karman Profile

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company's capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.

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