King Luther Capital Management Corp Raises Stake in Karman Holdings Inc. $KRMN

King Luther Capital Management Corp lifted its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 94.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,446 shares of the company’s stock after buying an additional 44,526 shares during the quarter. King Luther Capital Management Corp’s holdings in Karman were worth $6,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRMN. Farther Finance Advisors LLC raised its holdings in Karman by 56.4% in 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 last quarter. Global Retirement Partners LLC increased its stake in 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 purchasing an additional 629 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Karman in the third quarter valued at $101,000. ORG Wealth Partners LLC purchased a new position in Karman during the third quarter worth about $116,000. Finally, Penserra Capital Management LLC acquired a new stake in Karman in the 2nd quarter worth about $95,000.

Karman Trading Up 9.0%

NYSE:KRMN opened at $88.29 on Friday. The business’s 50-day moving average is $90.56 and its two-hundred day moving average is $74.31. The firm has a market capitalization of $11.68 billion and a PE ratio of 353.16. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $118.38. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KRMN shares. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a report on Thursday, January 22nd. Raymond James Financial restated a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd. Evercore upped their price target on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler began coverage on Karman in a research note on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

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.