Jain Global LLC Purchases New Position in Karman Holdings Inc. $KRMN

Jain Global LLC purchased a new stake in shares of Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 264,630 shares of the company’s stock, valued at approximately $19,106,000. Jain Global LLC owned about 0.20% of Karman as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRMN. Millennium Management LLC purchased a new stake in shares of Karman in the first quarter worth approximately $10,199,000. Goldman Sachs Group Inc. bought a new stake in Karman during the first quarter worth $17,371,000. Jane Street Group LLC bought a new stake in Karman during the first quarter worth $532,000. Envestnet Asset Management Inc. purchased a new stake in Karman in the 2nd quarter valued at $762,000. Finally, Geode Capital Management LLC raised its position in Karman by 69.4% in the 2nd quarter. Geode Capital Management LLC now owns 400,663 shares of the company’s stock valued at $20,186,000 after buying an additional 164,207 shares during the last quarter.

Karman Stock Up 1.0%

KRMN stock opened at $99.93 on Monday. The stock has a market cap 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. The stock’s fifty day simple moving average is $96.90 and its two-hundred day simple moving average is $79.49. Karman Holdings Inc. has a 1-year low of $25.02 and a 1-year high of $118.38.

Analyst Ratings Changes

A number of equities analysts have issued reports on KRMN shares. Piper Sandler raised shares of Karman from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $110.00 to $127.00 in a report on Friday, March 6th. Evercore increased their target price on shares of Karman from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Truist Financial set a $118.00 price target on shares of Karman in a report on Friday, January 9th. Finally, Citigroup reaffirmed a “buy” rating on shares of Karman in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.