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

Westfield Capital Management Co. LP purchased a new position in Karman Holdings Inc. (NYSE:KRMN) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,425,576 shares of the company’s stock, valued at approximately $102,927,000. Westfield Capital Management Co. LP owned 1.08% of Karman as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Lexington Partners L.P. purchased a new position in shares of Karman in the third quarter valued at $319,861,000. Vanguard Group Inc. lifted its holdings in Karman by 99.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company’s stock worth $268,633,000 after buying an additional 1,851,394 shares in the last quarter. Donaldson Capital Management LLC purchased a new position in Karman in the 3rd quarter valued at about $252,803,000. Bamco Inc. NY grew its stake in shares of Karman by 0.6% during the second quarter. Bamco Inc. NY now owns 2,415,134 shares of the company’s stock valued at $121,650,000 after acquiring an additional 14,486 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Karman by 26.8% during the second quarter. Invesco Ltd. now owns 1,905,052 shares of the company’s stock worth $95,957,000 after acquiring an additional 402,346 shares during the last quarter.

Karman Stock Performance

KRMN stock opened at $83.52 on Thursday. The stock’s 50 day simple moving average is $91.78 and its 200 day simple moving average is $75.43. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $118.38. The firm has a market cap of $11.05 billion and a P/E ratio of 334.10. The company has a current ratio of 2.86, a quick ratio of 2.69 and a debt-to-equity ratio of 1.27.

Analyst Ratings Changes

Several research firms recently commented on KRMN. Royal Bank Of Canada boosted their price target on Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research note on Thursday, January 22nd. Piper Sandler began coverage on Karman in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $98.00 target price on the stock. Truist Financial set a $118.00 price target on shares of Karman in a research report on Friday, January 9th. BWS Financial reaffirmed a “sell” rating and issued a $37.00 price target on shares of Karman in a report on Thursday, January 22nd. Finally, Evercore raised their price objective on shares of Karman from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. One investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

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.