Zimmer Partners LP Buys Shares of 200,000 Karman Holdings Inc. $KRMN

Key Points

• Zimmer Partners LP acquired a new stake in Karman Holdings Inc., purchasing 200,000 shares valued at approximately $6.68 million, which represents about 0.15% of the company's stock.
• Karman reported a 35.3% increase in revenue year-over-year for the most recent quarter, although its earnings per share of $0.10 missed analysts' expectations of $0.11.
• Analysts are optimistic about Karman, with multiple firms raising their target price; Raymond James set a notably high target of $100.00, and the consensus target price is currently $60.60.

Zimmer Partners LP acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,000 shares of the company's stock, valued at approximately $6,684,000. Zimmer Partners LP owned 0.15% of Karman as of its most recent SEC filing.

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

Analysts Set New Price Targets

KRMN has been the subject of a number of recent research reports. Raymond James Financial initiated coverage on Karman in a research note on Friday, September 5th. They set a "strong-buy" rating and a $100.00 price target for the company. Royal Bank Of Canada raised their price target on Karman from $55.00 to $57.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Citigroup reaffirmed 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. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $60.60.

Karman Stock Up 0.5%

Shares of NYSE KRMN traded up $0.35 during mid-day trading on Friday, reaching $64.15. 1,289,537 shares of the company traded hands, compared to its average volume of 1,334,786. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.58 and a current ratio of 2.75. The company's fifty day moving average is $52.43 and its two-hundred day moving average is $43.24. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $64.50.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.01). The business's quarterly revenue was up 35.3% on a year-over-year basis. Karman has set its FY 2025 guidance at EPS.

Insiders Place Their Bets

In other Karman news, COO Jonathan Beaudoin sold 80,000 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 value of $3,920,000.00. Following the sale, the chief operating officer owned 740,861 shares of the company's stock, valued at $36,302,189. This trade represents a 9.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $3,038,000.00. Following the completion of the sale, the insider directly owned 566,939 shares in the company, valued at $27,780,011. This trade represents a 9.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,865,968 shares of company stock worth $1,169,432,432.

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.