Vanguard Group Inc. Purchases 1,851,394 Shares of Karman Holdings Inc. $KRMN

Vanguard Group Inc. boosted its position in Karman Holdings Inc. (NYSE:KRMN) by 99.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,720,674 shares of the company’s stock after purchasing an additional 1,851,394 shares during the period. Vanguard Group Inc.’s holdings in Karman were worth $268,633,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its stake in shares of Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $33,000 after purchasing an additional 164 shares during the period. Global Retirement Partners LLC increased its holdings in Karman by 5,718.2% during the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after buying an additional 629 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Karman in the third quarter worth approximately $101,000. ORG Wealth Partners LLC purchased a new position in shares of Karman during the 3rd quarter worth $116,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Karman during the 2nd quarter worth $95,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James Financial restated a “strong-buy” rating and issued a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Karman in a report on Thursday, February 19th. Evercore raised their price objective on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. 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, Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Karman currently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Karman Stock Performance

NYSE KRMN opened at $87.98 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $118.38. The business has a 50-day moving average price of $92.50 and a 200-day moving average price of $76.00. The firm has a market cap of $11.64 billion and a price-to-earnings ratio of 351.92.

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.