Capital International Investors Cuts Position in Karman Holdings Inc. $KRMN

Capital International Investors reduced its position in Karman Holdings Inc. (NYSE:KRMN) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 790,607 shares of the company’s stock after selling 41,112 shares during the period. Capital International Investors’ holdings in Karman were worth $57,082,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of KRMN. Farther Finance Advisors LLC increased its position in Karman by 56.4% during 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 in the last quarter. Amalgamated Bank lifted its position in Karman by 9.4% during the third quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock valued at $158,000 after buying an additional 188 shares in the last quarter. Barclays PLC lifted its position in Karman by 2.2% during the third quarter. Barclays PLC now owns 12,964 shares of the company’s stock valued at $936,000 after buying an additional 273 shares in the last quarter. Global Retirement Partners LLC grew its stake in Karman by 5,718.2% during the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after buying an additional 629 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Karman during the third quarter worth approximately $101,000.

Karman Trading Up 2.2%

KRMN opened at $105.01 on Thursday. The firm’s 50 day moving average is $95.93 and its 200-day moving average is $78.68. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week 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 firm has a market capitalization of $13.89 billion and a P/E ratio of 420.04.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KRMN. Royal Bank Of Canada raised their target price on shares of Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Truist Financial set a $118.00 price target on shares of Karman in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Raymond James Financial restated a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Karman in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.56.

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.