JPMorgan Chase & Co. Has $76.34 Million Position in Karman Holdings Inc. $KRMN

JPMorgan Chase & Co. cut its holdings in Karman Holdings Inc. (NYSE:KRMN) by 30.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,057,299 shares of the company’s stock after selling 460,248 shares during the period. JPMorgan Chase & Co.’s holdings in Karman were worth $76,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Robert Wood Johnson Foundation bought a new position in shares of Karman in the 3rd quarter worth $70,488,000. Federated Hermes Inc. acquired a new position in Karman in the third quarter valued at about $2,055,000. TimesSquare Capital Management LLC lifted its stake in Karman by 361.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock valued at $111,687,000 after buying an additional 1,211,845 shares during the period. Huntleigh Advisors Inc. bought a new position in Karman during the third quarter worth about $2,466,000. Finally, GAM Holding AG acquired a new position in shares of Karman during the 3rd quarter worth about $1,250,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KRMN shares. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Evercore increased their target price on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Royal Bank Of Canada boosted their price target on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Piper Sandler started coverage on Karman in a research note on Wednesday, January 21st. They set a “neutral” rating and a $98.00 price objective on the stock. Finally, KeyCorp lifted their target price on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Karman Stock Up 2.7%

Karman stock opened at $83.48 on Wednesday. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $118.38. 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 company has a 50 day moving average of $91.40 and a 200-day moving average of $75.38. The stock has a market capitalization of $11.05 billion and a PE ratio of 333.91.

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.