330,898 Shares in Karman Holdings Inc. $KRMN Purchased by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. acquired a new stake of 330,898 shares of Karman Holdings (NYSE:KRMN) in Q4, valued at approximately $24.21 million, representing about 0.25% of the company.
• Other institutions have been increasing exposure—Vanguard doubled its stake to 3,720,674 shares (~$268.6M) and Lexington Partners opened a large new position (~$319.9M)—signaling substantial institutional accumulation.
• Analysts are generally positive: multiple recent upgrades lifted price targets (as high as $135), and the consensus rating is a Moderate Buy with a $116.90 target; KRMN trades near $102 with a market cap of $13.52B and a P/E of 408.7.

Congress Asset Management Co. acquired a new stake in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 330,898 shares of the company's stock, valued at approximately $24,212,000. Congress Asset Management Co. owned about 0.25% of Karman as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Lexington Partners L.P. purchased a new position in Karman during the 3rd quarter worth $319,861,000. Vanguard Group Inc. boosted its holdings in shares of Karman by 99.0% in the third quarter. Vanguard Group Inc. now owns 3,720,674 shares of the company's stock valued at $268,633,000 after acquiring an additional 1,851,394 shares in the last quarter. Donaldson Capital Management LLC acquired a new position in shares of Karman during the third quarter worth about $252,803,000. Invesco Ltd. increased its stake in shares of Karman by 68.6% during the third quarter. Invesco Ltd. now owns 3,211,187 shares of the company's stock worth $231,848,000 after acquiring an additional 1,306,135 shares during the period. Finally, Bamco Inc. NY raised its holdings in Karman by 0.6% during the second quarter. Bamco Inc. NY now owns 2,415,134 shares of the company's stock worth $121,650,000 after purchasing an additional 14,486 shares in the last quarter.

Karman Trading Down 0.2%

Shares of KRMN stock opened at $102.18 on Wednesday. The firm has a 50-day moving average price of $97.54 and a 200 day moving average price of $81.84. Karman Holdings Inc. has a twelve month low of $25.02 and a twelve month high of $118.38. The company has a market capitalization of $13.52 billion and a price-to-earnings ratio of 408.70. 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 Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their target price on Karman from $115.00 to $135.00 and gave the stock an "outperform" rating in a research note on Friday, March 20th. Truist Financial set a $118.00 price target on Karman in a research note on Friday, January 9th. Citigroup reaffirmed a "buy" rating on shares of Karman in a report on Thursday, February 19th. Needham & Company LLC initiated coverage on Karman in a research report on Friday, March 13th. They issued a "buy" rating and a $125.00 price objective for the company. Finally, Piper Sandler raised Karman from a "neutral" rating to an "overweight" rating and raised their target price for the company from $110.00 to $127.00 in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Karman has a consensus rating of "Moderate Buy" and a consensus price target of $116.90.

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.

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