Robert Wood Johnson Foundation Purchases New Shares in Karman Holdings Inc. $KRMN

Robert Wood Johnson Foundation purchased a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 976,284 shares of the company’s stock, valued at approximately $70,488,000. Karman makes up approximately 56.7% of Robert Wood Johnson Foundation’s holdings, making the stock its largest position.

Other institutional investors also recently modified their holdings of the company. Donaldson Capital Management LLC acquired a new position in shares of Karman during the third quarter worth approximately $252,803,000. Bank of New York Mellon Corp lifted its holdings in Karman by 162.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,770,498 shares of the company’s stock worth $89,180,000 after buying an additional 1,096,790 shares in the last quarter. Stephens Investment Management Group LLC lifted its holdings in Karman by 285.3% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,336,524 shares of the company’s stock worth $96,497,000 after buying an additional 989,608 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in Karman in the second quarter worth about $36,790,000. Finally, Goldman Sachs Group Inc. bought a new stake in Karman during the 1st quarter worth about $17,371,000.

Karman Price Performance

Shares of KRMN stock opened at $103.78 on Monday. The firm has a fifty day moving average of $84.22 and a 200-day moving average of $71.01. 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 firm has a market capitalization of $13.73 billion and a price-to-earnings ratio of 415.12. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $118.38.

Karman (NYSE:KRMN) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. The company 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 firm’s revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share.

Analyst Ratings Changes

Several brokerages have recently issued reports on KRMN. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Royal Bank Of Canada raised their price objective on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research report on Thursday, January 22nd. Piper Sandler started coverage on Karman in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price target on the stock. Finally, Citigroup lifted their price objective on Karman from $123.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Karman currently has an average rating of “Moderate Buy” and an average price target of $103.33.

Insider Buying and Selling

In other Karman news, COO Jonathan Beaudoin sold 74,000 shares of the firm’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Willis sold 115,000 shares of Karman stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $58.63, for a total transaction of $6,742,450.00. Following the completion of the transaction, the chief financial officer directly owned 859,709 shares in the company, valued at approximately $50,404,738.67. The trade was a 11.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 251,000 shares of company stock valued at $15,419,170.

Karman 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.