Karman Holdings Inc. $KRMN Stock Purchased by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Karman stake by 53.3% in the third quarter, purchasing 45,847 additional shares to own 131,881 shares worth approximately $4.28 million.
• Analysts maintain a broadly positive outlook, with Karman receiving a consensus “Moderate Buy” rating and an average price target of $87.33, despite several recent target-price reductions.
• Karman reported quarterly revenue of $182.06 million, up 58.2% year over year, and EPS of $0.14, exceeding estimates. Director David Stinnett also purchased 27,000 shares at an average price of $37.32.

Vontobel Holding Ltd. boosted its stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 53.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,881 shares of the company's stock after purchasing an additional 45,847 shares during the period. Vontobel Holding Ltd. owned approximately 0.10% of Karman worth $4,276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KRMN. Janney Montgomery Scott LLC raised its position in shares of Karman by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company's stock valued at $316,000 after purchasing an additional 297 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Karman by 3,471.4% in the second quarter. Parkside Financial Bank & Trust now owns 500 shares of the company's stock valued at $25,000 after buying an additional 486 shares during the last quarter. CX Institutional bought a new position in Karman during the 2nd quarter worth approximately $28,000. Hilltop National Bank increased its holdings in shares of Karman by 87.8% in the 2nd quarter. Hilltop National Bank now owns 1,258 shares of the company's stock valued at $63,000 after acquiring an additional 588 shares during the last quarter. Finally, Tsfg LLC bought a new position in Karman during the second quarter worth $30,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KRMN shares. Weiss Ratings upgraded shares of Karman from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. BWS Financial reiterated a "sell" rating and issued a $37.00 target price on shares of Karman in a research note on Monday, August 10th. Needham & Company LLC decreased their target price on shares of Karman from $125.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Citigroup raised their target price on Karman from $76.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada lowered their price target on Karman from $85.00 to $70.00 and set an "outperform" rating on the stock in a report on Monday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Karman presently has a consensus rating of "Moderate Buy" and an average target price of $87.33.

Insider Activity at Karman

In other news, Director David Stinnett acquired 27,000 shares of the business's stock in a transaction that occurred on Wednesday, September 16th. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the acquisition, the director owned 3,530,395 shares in the company, valued at approximately $131,754,341.40. The trade was a 0.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.77% of the stock is currently owned by corporate insiders.

Karman Stock Up 0.5%

KRMN stock opened at $34.84 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 3.56 and a quick ratio of 3.40. The firm has a market capitalization of $4.62 billion, a P/E ratio of 120.14 and a beta of 0.64. Karman Holdings Inc. has a 52-week low of $29.34 and a 52-week high of $118.38. The company's 50 day simple moving average is $41.36 and its 200-day simple moving average is $53.74.

Karman (NYSE:KRMN - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) 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 company had revenue of $182.06 million during the quarter. During the same quarter in the previous year, the company earned $0.10 EPS. Karman'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 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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