Karman Holdings Inc. $KRMN Shares Sold by Capital International Investors

Capital International Investors cut its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 790,607 shares of the company’s stock after selling 41,112 shares during the quarter. Capital International Investors owned approximately 0.60% of Karman worth $57,082,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Karman by 56.4% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after buying an additional 164 shares during the period. Global Retirement Partners LLC grew its stake in Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after acquiring an additional 629 shares during the period. Penserra Capital Management LLC acquired a new position in Karman in the 2nd quarter valued at $95,000. Wilmington Savings Fund Society FSB acquired a new position in Karman in the 3rd quarter valued at $101,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Karman during the 3rd quarter worth $116,000.

Karman Stock Up 2.2%

Shares of KRMN opened at $105.01 on Thursday. Karman Holdings Inc. has a fifty-two week low of $25.02 and a fifty-two week high of $118.38. The company’s fifty day moving average is $95.93 and its two-hundred day moving average is $78.68. The firm has a market cap of $13.89 billion and a PE ratio of 420.04. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KRMN shares. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $127.00 in a report on Friday, March 6th. Royal Bank Of Canada upped their target price on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. BWS Financial restated a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Thursday, January 22nd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 price objective on shares of Karman 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, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.56.

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.