Karman Holdings Inc. $KRMN Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC lifted its position in Karman Holdings Inc. (NYSE:KRMN) by 87.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,045 shares of the company’s stock after buying an additional 6,540 shares during the quarter. Legato Capital Management LLC’s holdings in Karman were worth $1,014,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Karman by 56.4% during the third 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 grew its holdings in shares of Karman by 5,718.2% in the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after purchasing an additional 629 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in Karman during the 2nd quarter worth approximately $95,000. Amalgamated Bank acquired a new stake in Karman during the 2nd quarter worth approximately $100,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Karman in the 3rd quarter valued at approximately $101,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Royal Bank Of Canada boosted their target price on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Truist Financial set a $118.00 price target on Karman in a research report on Friday, January 9th. KeyCorp boosted their price objective on Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Karman Stock Down 1.9%

Karman stock opened at $91.28 on Wednesday. The stock has a market cap of $12.08 billion and a PE ratio of 365.12. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. The stock’s fifty day moving average is $93.01 and its two-hundred day moving average is $76.75. Karman Holdings Inc. has a 1-year low of $25.02 and a 1-year high of $118.38.

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.