600,000 Shares in Karman Holdings Inc. $KRMN Bought by Fortress Investment Group LLC

Fortress Investment Group LLC bought a new position in shares of Karman Holdings Inc. (NYSE:KRMN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 600,000 shares of the company’s stock, valued at approximately $43,320,000. Karman makes up 5.8% of Fortress Investment Group LLC’s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds have also made changes to their positions in the company. Lexington Partners L.P. purchased a new position in shares of Karman in the third quarter valued at $319,861,000. Donaldson Capital Management LLC acquired a new stake in Karman in the 3rd quarter valued at about $252,803,000. Schusterman Interests LLC acquired a new stake in Karman in the 3rd quarter valued at about $148,024,000. Vanguard Group Inc. increased its holdings in Karman by 99.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company’s stock valued at $268,633,000 after acquiring an additional 1,851,394 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Karman by 2,745.0% during the 3rd quarter. First Trust Advisors LP now owns 1,875,197 shares of the company’s stock valued at $135,389,000 after acquiring an additional 1,809,284 shares in the last quarter.

Karman Stock Performance

Karman stock opened at $99.93 on Monday. The stock has a fifty day moving average price of $96.90 and a 200 day moving average price of $79.49. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $118.38. The firm has a market capitalization of $13.22 billion and a P/E ratio of 399.73. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore upped their price target on shares of Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. BWS Financial reissued a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Royal Bank Of Canada lifted their price objective on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Citigroup restated a “buy” rating on shares of Karman in a research report on Thursday, February 19th. Finally, Piper Sandler raised Karman from a “neutral” rating to an “overweight” rating and upped their target price for the company from $110.00 to $127.00 in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Karman presently has an average rating of “Moderate Buy” and an average target price of $108.40.

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.