1,425,576 Shares in Karman Holdings Inc. $KRMN Purchased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP bought a new stake in Karman Holdings Inc. (NYSE:KRMN) in the third quarter, HoldingsChannel.com reports. The fund bought 1,425,576 shares of the company’s stock, valued at approximately $102,927,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KRMN. Vestmark Advisory Solutions Inc. acquired a new position in Karman during the 3rd quarter valued at approximately $303,000. Citigroup Inc. lifted its stake in Karman by 172.6% in the third quarter. Citigroup Inc. now owns 90,596 shares of the company’s stock valued at $6,541,000 after buying an additional 57,366 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Karman by 94.9% during the third quarter. King Luther Capital Management Corp now owns 91,446 shares of the company’s stock valued at $6,602,000 after acquiring an additional 44,526 shares during the period. Vanguard Group Inc. grew its position in shares of Karman by 99.0% during the third quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company’s stock worth $268,633,000 after acquiring an additional 1,851,394 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Karman in the 3rd quarter worth about $2,940,000.

Karman Price Performance

NYSE KRMN opened at $83.52 on Thursday. 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 $11.05 billion and a PE ratio of 334.10. The company’s 50 day simple moving average is $91.78 and its 200 day simple moving average is $75.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69.

Analyst Upgrades and Downgrades

KRMN has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $130.00 target price on shares of Karman in a research report on Thursday, January 22nd. Citigroup reissued a “buy” rating on shares of Karman in a report on Thursday, February 19th. BWS Financial reaffirmed a “sell” rating and set a $37.00 target price on shares of Karman in a research note on Thursday, January 22nd. Evercore boosted their price target on Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, KeyCorp raised their price target on Karman from $80.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.