Karman Holdings Inc. (NYSE:KRMN) Short Interest Up 20.8% in December

Karman Holdings Inc. (NYSE:KRMN) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,039,575 shares, an increase of 20.8% from the December 15th total of 6,657,286 shares. Based on an average trading volume of 2,274,356 shares, the short-interest ratio is presently 3.5 days. Currently, 6.1% of the company’s shares are short sold. Currently, 6.1% of the company’s shares are short sold. Based on an average trading volume of 2,274,356 shares, the short-interest ratio is presently 3.5 days.

Karman Trading Down 0.5%

NYSE KRMN traded down $0.54 on Monday, reaching $108.95. The stock had a trading volume of 2,444,542 shares, compared to its average volume of 1,583,530. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average price of $75.66 and a two-hundred day moving average price of $67.12. Karman has a 12-month low of $25.02 and a 12-month high of $112.00. The firm has a market capitalization of $14.42 billion and a price-to-earnings ratio of 435.80.

Karman (NYSE:KRMN) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $121.79 million during the quarter. Karman had a return on equity of 11.11% and a net margin of 2.65%.The company’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 earnings per share.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KRMN. Evercore ISI raised their price target on shares of Karman from $58.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. BWS Financial initiated coverage on Karman in a research note on Monday, January 12th. They set a “sell” rating and a $37.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. KeyCorp began coverage on Karman in a research note on Thursday, December 18th. They issued an “overweight” rating and a $80.00 price target on the stock. Finally, Citigroup raised their price objective on Karman from $84.00 to $123.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.50.

Insider Transactions at Karman

In related news, COO Jonathan Beaudoin sold 74,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $63.69, for a total transaction of $4,713,060.00. Following the completion of the sale, the chief operating officer directly owned 666,861 shares in the company, valued at approximately $42,472,377.09. This trade represents a 9.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Willis sold 115,000 shares of Karman stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the transaction, the chief financial officer directly owned 859,709 shares in the company, valued at $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 251,000 shares of company stock worth $15,419,170 in the last quarter.

Institutional Trading of Karman

Several hedge funds have recently made changes to their positions in KRMN. GAMMA Investing LLC boosted its stake in shares of Karman by 83.7% in the fourth quarter. GAMMA Investing LLC now owns 373 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of Karman in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its stake in Karman by 56.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after buying an additional 164 shares during the period. Wexford Capital LP purchased a new stake in Karman during the 3rd quarter worth approximately $41,000. Finally, Hilltop National Bank acquired a new stake in Karman during the 4th quarter worth approximately $42,000.

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. 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.