Blair William & Co. IL Increases Stock Position in Karman Holdings Inc. $KRMN

Blair William & Co. IL grew its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 117.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,282 shares of the company’s stock after buying an additional 16,872 shares during the period. Blair William & Co. IL’s holdings in Karman were worth $2,259,000 as of its most recent SEC filing.

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

Karman Trading Down 5.9%

Shares of NYSE KRMN opened at $98.68 on Friday. The firm’s 50 day moving average price is $96.44 and its 200-day moving average price is $78.82. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $118.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. The company has a market cap of $13.06 billion and a PE ratio of 394.72.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial set a $118.00 price target on Karman in a research report on Friday, January 9th. KeyCorp raised their price objective on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Raymond James Financial reissued a “strong-buy” rating and issued a $130.00 target price on shares of Karman in a report on Thursday, January 22nd. Finally, Evercore increased their target price on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.56.

About Karman

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.