Sapient Capital LLC Makes New $615,000 Investment in Karman Holdings Inc. $KRMN

Key Points

• Sapient Capital LLC purchased 12,205 shares of Karman Holdings Inc. for approximately $615,000 during the second quarter, indicating institutional interest in the company.
• Karman shares are currently trading around $64.06, with a significant 52-week high of $66.29 and a low of $25.02.
• Despite a missed earnings estimate of $0.10 per share compared to the $0.11 consensus, Karman reported a 35.3% increase in quarterly revenue year-over-year.

Sapient Capital LLC acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,205 shares of the company's stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stephens Investment Management Group LLC acquired a new position in shares of Karman during the first quarter worth $8,740,000. Baird Financial Group Inc. acquired a new position in Karman in the first quarter valued at $1,632,000. Charles Schwab Investment Management Inc. acquired a new position in Karman in the first quarter valued at $4,293,000. T. Rowe Price Investment Management Inc. acquired a new position in Karman in the first quarter valued at $48,691,000. Finally, HBK Investments L P acquired a new position in Karman in the first quarter valued at $3,342,000.

Insider Activity

In related news, COO Jonathan Beaudoin sold 80,000 shares of Karman stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total value of $3,920,000.00. Following the sale, the chief operating officer directly owned 740,861 shares in the company, valued at $36,302,189. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of Karman stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $1,157,574,432.00. Following the completion of the sale, the insider owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. This represents a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,865,968 shares of company stock valued at $1,169,432,432.

Wall Street Analyst Weigh In

KRMN has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Citigroup reiterated a "buy" rating and set a $58.00 price target (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Finally, Raymond James Financial initiated coverage on shares of Karman in a research note on Friday, September 5th. They set a "strong-buy" rating and a $100.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $60.60.

Karman Trading Up 1.2%

Shares of Karman stock traded up $0.81 during trading hours on Friday, reaching $66.26. The company's stock had a trading volume of 5,581,489 shares, compared to its average volume of 1,403,745. The company's 50 day simple moving average is $54.24 and its 200 day simple moving average is $44.48. The company has a current ratio of 2.75, a quick ratio of 2.58 and a debt-to-equity ratio of 1.30. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $66.62.

Karman (NYSE:KRMN - Get Free Report) last posted its quarterly 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). Karman's revenue for the quarter was up 35.3% compared to the same quarter last year. Karman has set its FY 2025 guidance at EPS.

About Karman

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.