Karman Holdings Inc. $KRMN Stock Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management increased its Karman stake by 87.4% in the third quarter, adding 854,760 shares to reach 1.83 million shares, worth about $59.4 million.
• Analyst sentiment is broadly positive but mixed: MarketBeat rates Karman a “Moderate Buy,” with an average price target of $73.07; ratings range from Strong Buy to Sell.
• Karman beat quarterly EPS estimates, reporting $0.19 versus $0.16 expected, while revenue rose 65.6% year over year to $201.62 million.

William Blair Investment Management LLC increased its holdings in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) by 87.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,832,222 shares of the company's stock after buying an additional 854,760 shares during the quarter. William Blair Investment Management LLC owned 1.38% of Karman worth $59,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its holdings in Karman by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 3,949 shares of the company's stock worth $316,000 after acquiring an additional 297 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Karman by 15.8% during the third quarter. SBI Securities Co. Ltd. now owns 2,526 shares of the company's stock valued at $82,000 after acquiring an additional 345 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of Karman by 3,471.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 500 shares of the company's stock valued at $25,000 after purchasing an additional 486 shares during the last quarter. CX Institutional purchased a new position in shares of Karman in the 2nd quarter valued at approximately $28,000. Finally, Hilltop National Bank raised its position 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 purchasing an additional 588 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KRMN shares. Piper Sandler reissued an "overweight" rating and set a $60.00 target price (up from $59.00) on shares of Karman in a research report on Friday, November 6th. BWS Financial reaffirmed a "sell" rating and issued a $37.00 price target on shares of Karman in a report on Monday, August 10th. Royal Bank Of Canada lowered their price objective on shares of Karman from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, October 28th. Barclays boosted their price objective on shares of Karman from $79.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, November 9th. Finally, Citigroup upped 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. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $73.07.

Insider Activity at Karman

In other Karman news, Director David Stinnett acquired 27,000 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were purchased at an average price of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the purchase, the director directly owned 3,530,395 shares of the company's stock, valued at $131,754,341.40. The trade was a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.77% of the stock is owned by company insiders.

Karman Stock Performance

NYSE KRMN traded up $0.06 during trading hours on Friday, reaching $40.56. The stock had a trading volume of 4,544,226 shares, compared to its average volume of 3,642,556. The stock has a fifty day moving average of $36.06 and a 200 day moving average of $60.85. The stock has a market cap of $5.38 billion, a P/E ratio of 104.00 and a beta of 0.45. Karman Holdings Inc. has a 52-week low of $29.34 and a 52-week high of $118.38. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.87 and a current ratio of 3.10.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. Karman had a net margin of 7.54% and a return on equity of 17.68%. The company had revenue of $201.62 million during the quarter. During the same period in the prior year, the business posted $0.10 earnings per share. The business's quarterly revenue was up 65.6% compared to the same quarter last year. Sell-side analysts predict that Karman Holdings Inc. will post 0.61 earnings per share for the current year.

About Karman

Karman Holdings, Inc. is an aerospace and defense company that designs and manufactures systems and components for missile and space programs. Its products support applications including propulsion, payload delivery, launch vehicles and spacecraft. The company supplies mission-critical hardware such as rocket motor components, separation systems, structures and related assemblies. Its products are used by government and commercial customers across the United States and in international markets. Karman brings together businesses with capabilities in engineering, manufacturing and testing for aerospace and defense applications.

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