Vanguard Group Inc. Grows Holdings in Karman Holdings Inc. $KRMN

Vanguard Group Inc. boosted its holdings in shares of Karman Holdings Inc. (NYSE:KRMN) by 99.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,720,674 shares of the company’s stock after acquiring an additional 1,851,394 shares during the period. Vanguard Group Inc. owned 2.81% of Karman worth $268,633,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KRMN. Robert Wood Johnson Foundation purchased a new position in shares of Karman during the third quarter valued at approximately $70,488,000. Federated Hermes Inc. purchased a new position in Karman during the third quarter valued at $2,055,000. TimesSquare Capital Management LLC grew its stake in shares of Karman by 361.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock worth $111,687,000 after acquiring an additional 1,211,845 shares during the last quarter. Huntleigh Advisors Inc. purchased a new stake in shares of Karman in the third quarter worth $2,466,000. Finally, GAM Holding AG bought a new position in shares of Karman during the third quarter valued at $1,250,000.

Karman Stock Performance

Shares of NYSE KRMN opened at $87.98 on Friday. The firm’s 50-day moving average price is $92.50 and its 200-day moving average price is $76.00. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $118.38. The company has a market cap of $11.64 billion and a PE ratio of 351.92. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KRMN shares. Citigroup reiterated a “buy” rating on shares of Karman in a research note on Thursday, February 19th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $130.00 target price on shares of Karman in a report on Thursday, January 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. Piper Sandler started coverage on shares of Karman in a report on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 price objective for the company. Finally, KeyCorp upped 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. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.