Quantbot Technologies LP Acquires 52,280 Shares of Karman Holdings Inc. $KRMN

Quantbot Technologies LP raised its holdings in Karman Holdings Inc. (NYSE:KRMN) by 221.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 75,914 shares of the company’s stock after acquiring an additional 52,280 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of Karman worth $5,481,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Lexington Partners L.P. acquired a new stake in Karman in the third quarter valued at $319,861,000. Donaldson Capital Management LLC acquired a new position in shares of Karman in the third quarter worth approximately $252,803,000. Vanguard Group Inc. increased its position 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 purchasing an additional 1,851,394 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Karman during the 3rd quarter valued at approximately $102,927,000. Finally, TimesSquare Capital Management LLC raised its holdings in Karman by 361.7% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock worth $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter.

Karman Trading Down 0.4%

NYSE KRMN opened at $87.98 on Friday. The company has a quick ratio of 2.69, a current ratio of 2.86 and a debt-to-equity ratio of 1.27. Karman Holdings Inc. has a 52 week low of $25.02 and a 52 week high of $118.38. The business has a 50 day moving average price of $92.50 and a 200-day moving average price of $76.00. The company has a market cap of $11.64 billion and a price-to-earnings ratio of 351.92.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. BWS Financial reiterated a “sell” rating and set a $37.00 price objective on shares of Karman in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Truist Financial set a $118.00 price objective on Karman in a research note on Friday, January 9th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. Finally, Evercore lifted their target price on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.

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.