Rafferty Asset Management LLC Raises Stake in Karman Holdings Inc. $KRMN

Rafferty Asset Management LLC increased its position in Karman Holdings Inc. (NYSE:KRMN) by 219.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,616 shares of the company’s stock after buying an additional 12,793 shares during the period. Rafferty Asset Management LLC’s holdings in Karman were worth $1,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Robert Wood Johnson Foundation purchased a new position in shares of Karman during the 3rd quarter worth $70,488,000. Federated Hermes Inc. acquired a new position in Karman in the third quarter valued at $2,055,000. TimesSquare Capital Management LLC increased its stake in Karman by 361.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company’s stock valued at $111,687,000 after purchasing an additional 1,211,845 shares during the last quarter. Huntleigh Advisors Inc. purchased a new position in Karman during the third quarter worth about $2,466,000. Finally, King Luther Capital Management Corp acquired a new stake in Karman in the 2nd quarter worth about $2,363,000.

Wall Street Analysts Forecast Growth

KRMN has been the subject of a number of research analyst reports. BWS Financial reaffirmed a “sell” rating and set a $37.00 price objective on shares of Karman in a research note on Thursday, January 22nd. Piper Sandler began coverage on shares of Karman in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 target price on the stock. Citigroup reaffirmed a “buy” rating on shares of Karman in a research report on Thursday, February 19th. KeyCorp increased their price target on shares of Karman from $80.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Karman in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Karman has an average rating of “Moderate Buy” and an average target price of $103.33.

Karman Stock Down 1.7%

Shares of NYSE:KRMN opened at $97.21 on Friday. The stock has a 50-day simple moving average of $93.69 and a 200-day simple moving average of $77.04. The stock has a market capitalization of $12.86 billion and a P/E ratio of 388.84. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $118.38. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86.

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.