Karman Holdings Inc. $KRMN Shares Purchased by M & L Capital Management Ltd

Key Points

• M & L Capital Management Ltd boosted its stake in Karman Holdings (NYSE:KRMN) by 215.7% in Q4, adding 31,929 shares to hold 46,729 shares worth $3.42 million, making Karman about 0.7% of its portfolio and its 15th-largest holding.
• Large institutional moves continued: TimesSquare Capital increased its position by 361.7% to 1,546,905 shares (~$111.7M) and the Robert Wood Johnson Foundation initiated a new Karman stake worth roughly $70.5M, reflecting significant institutional accumulation.
• Analysts show a consensus "Moderate Buy" with a $116.90 target after multiple price-target upgrades into the $122–$135 range; KRMN trades near $102.79 with a $13.6B market cap and a 52-week high of $118.38.

M & L Capital Management Ltd boosted its holdings in Karman Holdings Inc. (NYSE:KRMN - Free Report) by 215.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,729 shares of the company's stock after acquiring an additional 31,929 shares during the period. Karman comprises about 0.7% of M & L Capital Management Ltd's investment portfolio, making the stock its 15th biggest holding. M & L Capital Management Ltd's holdings in Karman were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Robert Wood Johnson Foundation acquired a new position in Karman during the 3rd quarter valued at approximately $70,488,000. Federated Hermes Inc. bought a new position in Karman during the 3rd quarter worth $2,055,000. TimesSquare Capital Management LLC increased its position in Karman by 361.7% in the third quarter. TimesSquare Capital Management LLC now owns 1,546,905 shares of the company's stock worth $111,687,000 after buying an additional 1,211,845 shares during the period. Huntleigh Advisors Inc. bought a new stake in Karman in the third quarter valued at $2,466,000. Finally, GAM Holding AG bought a new stake in Karman in the third quarter valued at $1,250,000.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BWS Financial restated a "sell" rating and set a $37.00 price target on shares of Karman in a research report on Thursday, January 22nd. Robert W. Baird lifted their price objective on shares of Karman from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Friday. Citigroup reissued a "buy" rating on shares of Karman in a research note on Thursday, February 19th. Piper Sandler upgraded shares of Karman from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $110.00 to $127.00 in a research report on Friday, March 6th. Finally, KeyCorp raised their price target on shares of Karman from $80.00 to $122.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Karman currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.90.

Karman Trading Up 3.4%

NYSE:KRMN opened at $102.79 on Tuesday. The stock has a market cap of $13.60 billion and a price-to-earnings ratio of 411.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.69 and a current ratio of 2.86. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $118.38. The business has a fifty day moving average of $97.64 and a 200-day moving average of $81.56.

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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