TD Asset Management Inc Has $2.60 Million Stake in Karman Holdings Inc. $KRMN

TD Asset Management Inc lessened its stake in shares of Karman Holdings Inc. (NYSE:KRMN) by 13.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,948 shares of the company’s stock after selling 5,706 shares during the period. TD Asset Management Inc’s holdings in Karman were worth $2,595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KRMN. Lexington Partners L.P. bought a new stake in Karman in the third quarter valued at $319,861,000. Donaldson Capital Management LLC acquired a new stake in shares of Karman in the 3rd quarter valued at about $252,803,000. Vanguard Group Inc. increased its position in Karman by 99.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company’s stock valued at $268,633,000 after buying an additional 1,851,394 shares in the last quarter. TimesSquare Capital Management LLC increased its position in Karman by 361.7% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock valued at $111,687,000 after buying an additional 1,211,845 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Karman by 162.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,770,498 shares of the company’s stock worth $89,180,000 after buying an additional 1,096,790 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Karman from $85.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Karman in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research note on Monday, December 29th. Piper Sandler assumed coverage on shares of Karman in a report on Wednesday, January 21st. They set a “neutral” rating and a $98.00 price objective on the stock. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $130.00 price objective on shares of Karman in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $103.33.

Karman Trading Up 8.6%

NYSE KRMN opened at $98.94 on Thursday. 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 business has a fifty day simple moving average of $93.37 and a 200 day simple moving average of $76.90. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $118.38. The firm has a market capitalization of $13.09 billion and a P/E ratio of 395.76.

Karman 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.