Capital World Investors Reduces Position in Karman Holdings Inc. $KRMN

Capital World Investors decreased its position in shares of Karman Holdings Inc. (NYSE:KRMN) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,353,280 shares of the company’s stock after selling 146,698 shares during the period. Capital World Investors’ holdings in Karman were worth $169,907,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of 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 acquiring an additional 164 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Karman by 9.4% in the 3rd quarter. Amalgamated Bank now owns 2,183 shares of the company’s stock valued at $158,000 after acquiring an additional 188 shares during the period. Barclays PLC raised its position in Karman by 2.2% in the 3rd quarter. Barclays PLC now owns 12,964 shares of the company’s stock valued at $936,000 after purchasing an additional 273 shares during the last quarter. Global Retirement Partners LLC raised its position in Karman by 5,718.2% in the 3rd quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock valued at $46,000 after purchasing an additional 629 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Karman during the 3rd quarter worth $101,000.

Karman Stock Performance

Shares of KRMN opened at $105.01 on Thursday. The stock has a market capitalization of $13.89 billion and a P/E ratio of 420.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $118.38. The company’s fifty day moving average is $95.93 and its two-hundred day moving average is $78.68.

Wall Street Analyst Weigh In

A number of research firms have commented on KRMN. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. Truist Financial set a $118.00 price target on Karman in a report on Friday, January 9th. KeyCorp boosted their price target on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, BWS Financial reaffirmed a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Karman has a consensus rating of “Moderate Buy” and an average price target of $106.56.

About Karman

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.