Lexington Partners L.P. Buys Shares of 4,430,213 Karman Holdings Inc. $KRMN

Lexington Partners L.P. purchased a new position in Karman Holdings Inc. (NYSE:KRMN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,430,213 shares of the company’s stock, valued at approximately $319,861,000. Karman makes up approximately 96.8% of Lexington Partners L.P.’s portfolio, making the stock its biggest holding.

A number of other hedge funds also recently modified their holdings of KRMN. Millennium Management LLC acquired a new position in shares of Karman in the 1st quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. acquired a new stake in Karman during the 1st quarter worth approximately $17,371,000. Jane Street Group LLC bought a new position in Karman in the first quarter valued at approximately $532,000. KLP Kapitalforvaltning AS acquired a new position in shares of Karman in the second quarter valued at approximately $277,000. Finally, Blair William & Co. IL bought a new stake in shares of Karman during the second quarter worth $726,000.

Analysts Set New Price Targets

Several research firms recently commented on KRMN. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Royal Bank Of Canada lifted their price target on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler began coverage on Karman in a report on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price target on the stock. 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. Finally, Citigroup lifted their target price on Karman from $123.00 to $125.00 and gave the company a “buy” rating 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Karman presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Karman Trading Down 3.7%

Karman stock opened at $75.77 on Friday. The company has a market cap of $10.03 billion and a price-to-earnings ratio of 303.09. The firm has a 50-day moving average of $89.50 and a 200-day moving average of $73.51. 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 Holdings Inc. has a one year low of $25.02 and a one year high of $118.38.

Insider Buying and Selling

In other Karman news, CFO Michael Willis sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $58.63, for a total value of $6,742,450.00. Following the completion of the transaction, the chief financial officer directly owned 859,709 shares in the company, valued at $50,404,738.67. This trade represents a 11.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.