Moody Aldrich Partners LLC Cuts Stake in Karman Holdings Inc. $KRMN

by · The Cerbat Gem

Moody Aldrich Partners LLC decreased its position in Karman Holdings Inc. (NYSE:KRMN – Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,062 shares of the company’s stock after selling 39,927 shares during the period. Karman comprises 1.2% of Moody Aldrich Partners LLC’s portfolio, making the stock its 21st largest holding. Moody Aldrich Partners LLC’s holdings in Karman were worth $6,069,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. acquired a new position in Karman during the 1st quarter worth approximately $1,632,000. Sapient Capital LLC acquired a new stake in shares of Karman in the 2nd quarter valued at approximately $615,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Karman in the second quarter valued at approximately $414,000. Stephens Investment Management Group LLC grew its holdings in Karman by 32.7% during the second quarter. Stephens Investment Management Group LLC now owns 346,916 shares of the company’s stock worth $17,474,000 after acquiring an additional 85,403 shares during the period. Finally, Woodline Partners LP purchased a new position in Karman in the first quarter worth $5,700,000.

Analysts Set New Price Targets

KRMN has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research report on Monday. Citigroup started coverage on shares of Karman in a report on Thursday, December 11th. They set a “buy” rating and a $84.00 price objective on the stock. Truist Financial initiated coverage on shares of Karman in a research report on Friday, October 10th. They set a “buy” rating and a $89.00 price target for the company. Royal Bank Of Canada lowered their price target on Karman from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, KeyCorp began coverage on Karman in a report on Thursday, December 18th. They set an “overweight” rating and a $80.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $80.43.

Check Out Our Latest Research Report on Karman

Karman Stock Performance

Shares of KRMN opened at $73.03 on Thursday. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $88.82. The stock has a market cap of $9.66 billion and a P/E ratio of 292.12. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27. The company has a 50-day moving average of $71.42 and a two-hundred day moving average of $62.40.

Karman (NYSE:KRMN – Get Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. Karman had a net margin of 2.65% and a return on equity of 11.11%. The business had revenue of $121.79 million for the quarter. During the same quarter in the prior year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year.

Insider Buying and Selling at Karman

In other news, insider Stephanie Sawhill sold 62,000 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $63.93, for a total value of $3,963,660.00. Following the sale, the insider directly owned 504,939 shares in the company, valued at $32,280,750.27. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $63.69, for a total value of $4,713,060.00. Following the sale, the chief operating officer directly owned 666,861 shares in the company, valued at approximately $42,472,377.09. The trade was a 9.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 251,000 shares of company stock worth $15,419,170.

Karman Company Profile

(Free Report)

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. We estimate that no single program accounted for more than 10% of sales for the nine months ended September 30, 2024 or the twelve months ended December 31, 2023, with revenue from over 100 active programs supporting current production and next-generation space, missile, hypersonic, and defense applications.

See Also

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