1,456,937 Shares in Karman Holdings Inc. $KRMN Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. acquired a new stake in Karman Holdings Inc., purchasing 1,456,937 shares valued at approximately $48.69 million in the first quarter.
• Major shareholder Spaceco Spv Lp Tcfiii sold 23.6 million shares of Karman for over $1.15 billion, representing a significant decrease in their ownership stake.
• Karman’s stock has a 52-week high of $57.31 and recently reported a quarterly revenue increase of 35.3%, although it missed EPS estimates.

T. Rowe Price Investment Management Inc. acquired a new position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,456,937 shares of the company's stock, valued at approximately $48,691,000. T. Rowe Price Investment Management Inc. owned about 1.10% of Karman at the end of the most recent reporting period.

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

Insider Transactions at Karman

In other news, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of Karman stock in a transaction on Friday, July 25th. The stock was sold at an average price of $49.00, for a total value of $1,157,574,432.00. Following the transaction, the insider directly owned 50,450,859 shares in the company, valued at approximately $2,472,092,091. This trade represents a 31.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephanie Sawhill sold 62,000 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 $3,038,000.00. Following the transaction, the insider directly owned 566,939 shares of the company's stock, valued at $27,780,011. This represents a 9.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,865,968 shares of company stock worth $1,169,432,432 in the last ninety days.

Karman Stock Performance

NYSE:KRMN traded up $1.00 during trading hours on Thursday, hitting $55.65. The company had a trading volume of 444,117 shares, compared to its average volume of 1,175,285. The company's 50-day simple moving average is $49.79. The company has a quick ratio of 2.58, a current ratio of 2.75 and a debt-to-equity ratio of 1.30. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $57.31.

Karman (NYSE:KRMN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.10 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.

Analysts Set New Price Targets

A number of brokerages have recently commented on KRMN. Robert W. Baird raised their price target on Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Royal Bank Of Canada upped their price objective on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Citigroup reaffirmed a "buy" rating and issued a $58.00 price objective (up from $46.50) on shares of Karman in a research report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat, Karman currently has an average rating of "Buy" and a consensus price target of $50.75.

Karman 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.