WCM Investment Management LLC Takes $17.15 Million Position in Karman Holdings Inc. $KRMN

Key Points

• WCM Investment Management LLC has acquired a new position in Karman Holdings Inc., purchasing 339,805 shares valued at approximately $17.15 million during the second quarter.
• Insider sales were significant, with COO Jonathan Beaudoin selling 80,000 shares for about $3.92 million and major shareholder Spaceco SPV LP TCFIII selling over 23 million shares for approximately $1.16 billion.
• Analysts have differing views on Karman, with Truist Financial giving it a "buy" rating and a $89.00 target price, while Weiss Ratings issued a "sell" rating, highlighting a variance in market perceptions of the stock.

WCM Investment Management 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 339,805 shares of the company's stock, valued at approximately $17,150,000. WCM Investment Management LLC owned 0.26% of Karman as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Global Trust Asset Management LLC purchased a new position in shares of Karman during the 2nd quarter worth approximately $50,000. SBI Securities Co. Ltd. purchased a new position in shares of Karman during the 1st quarter worth approximately $107,000. US Bancorp DE purchased a new position in shares of Karman during the 1st quarter worth approximately $124,000. Hollencrest Capital Management purchased a new position in shares of Karman during the 1st quarter worth approximately $155,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Karman during the 1st quarter worth approximately $170,000.

Insider Activity

In other news, COO Jonathan Beaudoin sold 80,000 shares of the firm's stock in a transaction on 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 approximately $36,302,189. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Spaceco Spv Lp Tcfiii sold 23,623,968 shares of the firm's stock in a transaction on 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 $2,472,092,091. The trade was a 31.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,865,968 shares of company stock valued at $1,169,432,432 over the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KRMN shares. Truist Financial started coverage on shares of Karman in a research report on Friday, October 10th. They set a "buy" rating and a $89.00 price objective for the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Karman in a report on Wednesday, October 8th. Raymond James Financial started coverage on shares of Karman in a report on Friday, September 5th. They set a "strong-buy" rating and a $100.00 target price on the stock. Royal Bank Of Canada increased their target price on shares of Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Evercore ISI increased their target price on shares of Karman from $58.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $71.50.

Karman Price Performance

Shares of KRMN opened at $76.01 on Thursday. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $80.32. The firm's fifty day simple moving average is $61.95 and its 200-day simple moving average is $49.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The firm had revenue of $115.10 million for the quarter. Karman's revenue for the quarter was up 35.3% on a year-over-year basis. 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.

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