Lisanti Capital Growth LLC Has $5.91 Million Position in Karman Holdings Inc. $KRMN

Lisanti Capital Growth LLC grew its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 106.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,894 shares of the company’s stock after buying an additional 42,264 shares during the quarter. Karman makes up 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 20th largest position. Lisanti Capital Growth LLC owned about 0.06% of Karman worth $5,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in Karman by 56.4% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Karman by 5,718.2% in the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after buying an additional 629 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Karman during the third quarter worth $101,000. ORG Wealth Partners LLC bought a new stake in Karman during the third quarter worth $116,000. Finally, Penserra Capital Management LLC bought a new stake in Karman during the second quarter worth $95,000.

Insider Buying and Selling at Karman

In other Karman news, CFO Michael Willis sold 115,000 shares of the business’s stock in a transaction 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 sale, the chief financial officer owned 859,709 shares of the company’s stock, valued at approximately $50,404,738.67. The trade was a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jonathan Beaudoin sold 74,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $63.69, for a total value of $4,713,060.00. Following the sale, the chief operating officer owned 666,861 shares in the company, valued at $42,472,377.09. This represents a 9.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 251,000 shares of company stock valued at $15,419,170 in the last ninety days.

Wall Street Analyst Weigh In

KRMN has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating 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 objective for the company. KeyCorp boosted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, BWS Financial reaffirmed a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Karman Stock Performance

Shares of NYSE KRMN opened at $103.78 on Friday. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $118.38. The stock’s fifty day moving average price is $84.22 and its two-hundred day moving average price is $70.73. The firm has a market cap of $13.73 billion and a price-to-earnings ratio of 415.12. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

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

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.