Karman Holdings Inc. $KRMN Stock: Conestoga Capital Advisors LLC Boosts Stake

Conestoga Capital Advisors LLC boosted its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 863,076 shares of the company’s stock after acquiring an additional 64,580 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Karman were worth $27,981,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in Karman by 3.3% during the first quarter. First Trust Advisors LP now owns 2,891,687 shares of the company’s stock valued at $231,480,000 after purchasing an additional 93,565 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Karman by 23.8% in the 3rd quarter. Congress Asset Management Co. now owns 1,068,811 shares of the company’s stock worth $34,651,000 after purchasing an additional 205,503 shares during the period. Amundi increased its position in shares of Karman by 44.6% during the 1st quarter. Amundi now owns 512,231 shares of the company’s stock valued at $41,004,000 after purchasing an additional 158,068 shares during the last quarter. Bank of America Corp DE increased its position in shares of Karman by 123.8% during the 1st quarter. Bank of America Corp DE now owns 459,531 shares of the company’s stock valued at $36,785,000 after purchasing an additional 254,161 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new stake in Karman during the 1st quarter valued at $35,261,000.

Karman Price Performance

KRMN opened at $34.40 on Thursday. The business has a fifty day moving average of $36.29 and a 200 day moving average of $63.19. Karman Holdings Inc. has a 52-week low of $29.34 and a 52-week high of $118.38. The company has a quick ratio of 3.40, a current ratio of 3.56 and a debt-to-equity ratio of 2.01. The stock has a market cap of $4.56 billion, a P/E ratio of 85.89 and a beta of 0.45.

Karman (NYSE:KRMN) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Karman had a return on equity of 15.54% and a net margin of 6.31%. The company had revenue of $182.06 million for the quarter. During the same period last year, the company earned $0.10 EPS. The business’s revenue was up 58.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Karman Holdings Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KRMN. Needham & Company LLC lowered their price target on Karman from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, August 7th. UBS Group set a $40.00 price objective on shares of Karman in a research report on Thursday, October 22nd. Citigroup lifted their price target on shares of Karman from $76.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. BWS Financial reiterated a “sell” rating and set a $37.00 price target on shares of Karman in a report on Monday, August 10th. Finally, KeyCorp reduced their price objective on shares of Karman from $100.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.07.

Insider Buying and Selling at Karman

In other Karman news, Director David Stinnett bought 27,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average cost of $37.32 per share, for a total transaction of $1,007,640.00. Following the completion of the transaction, the director owned 3,530,395 shares in the company, valued at $131,754,341.40. This trade represents a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.77% of the company’s stock.

Karman Profile

Karman Holdings Corp., doing business as Karman Space & Defense, is an aerospace and defense company that develops and manufactures mission-critical components, assemblies and structures. Its products are used in space-launch vehicles, missiles, hypersonic systems and other defense applications where performance, reliability and precision are essential.

The company’s capabilities include the production of composite and metallic structures, propulsion-related components, precision-machined parts and other highly engineered hardware.