Oregon Public Employees Retirement Fund Buys 28,000 Shares of Karman Holdings Inc. $KRMN

Key Points

• Oregon Public Employees Retirement Fund bought 28,000 shares of Karman Holdings in the third quarter, a stake valued at approximately $908,000.
• Karman reported quarterly EPS of $0.19, beating the $0.16 consensus, while revenue rose 65.6% year over year to $201.62 million.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $73.07; recent targets vary widely, including cuts from Needham and KeyCorp.

Oregon Public Employees Retirement Fund purchased a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,000 shares of the company's stock, valued at approximately $908,000.

Several other institutional investors also recently modified their holdings of KRMN. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Karman by 170.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,000 shares of the company's stock worth $421,000 after purchasing an additional 8,200 shares during the period. D.A. Davidson & CO. boosted its position in Karman by 19.5% during the third quarter. D.A. Davidson & CO. now owns 13,815 shares of the company's stock worth $448,000 after purchasing an additional 2,250 shares during the period. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Karman in the third quarter valued at $32,000. Park Avenue Securities LLC boosted its holdings in shares of Karman by 17.2% during the 3rd quarter. Park Avenue Securities LLC now owns 20,753 shares of the company's stock worth $673,000 after buying an additional 3,041 shares during the period. Finally, Gibbs Wealth Management grew its stake in Karman by 13.5% in the 3rd quarter. Gibbs Wealth Management now owns 10,502 shares of the company's stock valued at $340,000 after buying an additional 1,249 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KRMN shares. Needham & Company LLC reduced their price objective on Karman from $80.00 to $50.00 and set a "buy" rating for the company in a report on Friday. Oppenheimer assumed coverage on Karman in a report on Thursday, October 22nd. They set an "outperform" rating and a $40.00 target price for the company. KeyCorp decreased their price target on shares of Karman from $100.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 2nd. Citigroup boosted their price objective on shares of Karman from $76.00 to $78.00 and gave the company a "buy" rating in a report on Monday, August 10th. Finally, Guggenheim assumed coverage on shares of Karman in a research report on Monday, September 14th. They issued a "buy" rating and a $63.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.07.

Insider Transactions at Karman

In other news, Director David Stinnett bought 27,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director owned 3,530,395 shares of the company's stock, valued at $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.77% of the stock is currently owned by insiders.

Karman Trading Up 0.7%

Shares of KRMN stock opened at $45.92 on Tuesday. Karman Holdings Inc. has a fifty-two week low of $29.34 and a fifty-two week high of $118.38. The stock's fifty day moving average price is $35.93 and its two-hundred day moving average price is $62.21. The company has a debt-to-equity ratio of 2.01, a quick ratio of 3.40 and a current ratio of 3.56. The company has a market cap of $6.09 billion, a PE ratio of 74.28 and a beta of 0.45.

Karman (NYSE:KRMN - Get Free Report) last released its earnings results on Friday, November 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $201.62 million for the quarter. Karman had a return on equity of 15.54% and a net margin of 6.31%. The business's revenue was up 65.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities analysts predict that Karman Holdings Inc. will post 0.63 EPS for the current fiscal 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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