Seven Grand Managers LLC Invests $11.70 Million in Karman Holdings Inc. $KRMN

Key Points

• Seven Grand Managers LLC acquired 350,000 shares of Karman Holdings Inc. (NYSE:KRMN), amounting to an investment of approximately $11.7 million and making Karman the firm's 13th largest holding.
• Karman reported a quarterly EPS of $0.10, missing analysts' expectations of $0.11, despite a 35.3% increase in revenue year-over-year.
• Research analysts have generally positive sentiments towards Karman, with five analysts rating it as a "Buy" and new price targets ranging from $50.00 to $58.00.

Seven Grand Managers LLC acquired a new position in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 350,000 shares of the company's stock, valued at approximately $11,697,000. Karman makes up about 2.7% of Seven Grand Managers LLC's investment portfolio, making the stock its 13th largest holding. Seven Grand Managers LLC owned about 0.26% of Karman as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Karman during the 1st quarter valued at approximately $107,000. US Bancorp DE bought a new position in shares of Karman during the first quarter valued at about $124,000. Hollencrest Capital Management purchased a new position in shares of Karman during the first quarter valued at about $155,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Karman during the first quarter valued at about $170,000. Finally, Phoenix Financial Ltd. purchased a new position in shares of Karman during the first quarter valued at about $435,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on KRMN shares. Robert W. Baird increased their price target on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Citigroup reiterated a "buy" rating and issued a $58.00 price target (up from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Royal Bank Of Canada increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $50.75.

Karman Stock Down 4.1%

Shares of Karman stock traded down $2.13 on Tuesday, reaching $49.65. The stock had a trading volume of 1,228,678 shares, compared to its average volume of 1,182,916. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $57.31. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. The firm's 50 day moving average price is $48.98.

Karman (NYSE:KRMN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company'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.

Insider Buying and Selling at Karman

In other news, insider Stephanie Sawhill sold 62,000 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $49.00, for a total transaction of $3,038,000.00. Following the transaction, the insider directly owned 566,939 shares in the company, valued at approximately $27,780,011. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Willis sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $49.00, for a total transaction of $4,900,000.00. Following the transaction, the chief financial officer owned 974,709 shares in the company, valued at approximately $47,760,741. This trade represents a 9.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,865,968 shares of company stock valued at $1,169,432,432.

Karman Company Profile

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.