Jonathan Beaudoin Sells 80,000 Shares of Karman Holdings Inc. (NYSE:KRMN) Stock

Key Points

• Karman Holdings Inc. COO Jonathan Beaudoin sold 80,000 shares of the company's stock for a total value of $3,920,000, reducing his ownership by 9.75%.
• The company's stock recently traded at $51.20, with a 52-week low of $25.02 and a high of $57.31, reflecting significant price movement.
• Karman's latest earnings report showed earnings per share of $0.05, exceeding analyst estimates and a 20.6% increase in quarterly revenue compared to the previous year.

Karman Holdings Inc. (NYSE:KRMN - Get Free Report) 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 transaction 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. The trade was a 9.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Karman Stock Performance

KRMN traded down $0.68 during trading on Friday, reaching $51.02. 335,268 shares of the company's stock were exchanged, compared to its average volume of 1,156,719. The company has a current ratio of 3.34, a quick ratio of 3.23 and a debt-to-equity ratio of 1.15. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $57.31. The stock has a fifty day moving average of $47.65.

Karman (NYSE:KRMN - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The business had revenue of $100.12 million for the quarter, compared to analyst estimates of $95.40 million. The business's revenue was up 20.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in Karman during the first quarter worth $22,515,000. Caas Capital Management LP purchased a new stake in shares of Karman during the first quarter worth $3,192,000. Stephens Investment Management Group LLC purchased a new stake in shares of Karman during the first quarter worth $8,740,000. SBI Securities Co. Ltd. purchased a new stake in shares of Karman during the first quarter worth $107,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Karman during the first quarter worth $14,891,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KRMN shares. Citigroup reiterated a "buy" rating and set a $58.00 price objective (up previously from $46.50) on shares of Karman in a report on Monday, June 9th. Robert W. Baird boosted their price objective on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $49.25.

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.