Karman Holdings Inc. $KRMN Holdings Increased by M & L Capital Management Ltd

M & L Capital Management Ltd lifted its stake in Karman Holdings Inc. (NYSE:KRMN) by 215.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,729 shares of the company’s stock after acquiring an additional 31,929 shares during the period. Karman accounts for approximately 0.7% of M & L Capital Management Ltd’s holdings, making the stock its 15th biggest position. M & L Capital Management Ltd’s holdings in Karman were worth $3,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Millennium Management LLC acquired a new position in shares of Karman during the first quarter valued at approximately $10,199,000. Goldman Sachs Group Inc. acquired a new stake in Karman in the first quarter worth approximately $17,371,000. Jane Street Group LLC bought a new position in Karman during the 1st quarter valued at $532,000. Envestnet Asset Management Inc. bought a new position in Karman during the 2nd quarter valued at $762,000. Finally, Geode Capital Management LLC increased its position in shares of Karman by 69.4% during the 2nd quarter. Geode Capital Management LLC now owns 400,663 shares of the company’s stock valued at $20,186,000 after purchasing an additional 164,207 shares during the period.

Wall Street Analysts Forecast Growth

KRMN has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $130.00 target price on shares of Karman in a report on Thursday, January 22nd. Needham & Company LLC initiated coverage on shares of Karman in a research report on Friday, March 13th. They issued a “buy” rating and a $125.00 price target 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. Finally, Truist Financial set a $118.00 price objective on shares of Karman in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Karman has an average rating of “Moderate Buy” and an average price target of $116.90.

Karman Stock Performance

Shares of NYSE KRMN opened at $102.79 on Tuesday. The stock’s fifty day simple moving average is $97.64 and its 200 day simple moving average is $81.56. The stock has a market capitalization of $13.60 billion and a price-to-earnings ratio of 411.14. 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.

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.