WINTON GROUP Ltd Buys 26,059 Shares of Karman Holdings Inc. $KRMN

WINTON GROUP Ltd boosted its position in Karman Holdings Inc. (NYSE:KRMN) by 52.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,100 shares of the company’s stock after buying an additional 26,059 shares during the period. WINTON GROUP Ltd owned approximately 0.06% of Karman worth $5,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its stake in Karman by 56.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares during the period. Global Retirement Partners LLC lifted its position in shares of Karman by 5,718.2% during the third quarter. Global Retirement Partners LLC now owns 640 shares of the company’s stock worth $46,000 after acquiring an additional 629 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Karman in the third quarter worth $101,000. ORG Wealth Partners LLC bought a new position in shares of Karman in the third quarter valued at approximately $116,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Karman in the second quarter worth $95,000.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KRMN shares. Piper Sandler upgraded Karman from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $110.00 to $127.00 in a research report on Friday. Royal Bank Of Canada upped their price objective on shares of Karman from $85.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $130.00 target price on shares of Karman in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Karman in a research report on Monday, December 29th. Finally, Truist Financial set a $118.00 price objective on Karman in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Karman presently has an average rating of “Moderate Buy” and a consensus price target of $106.56.

Karman Price Performance

Shares of NYSE KRMN opened at $105.96 on Tuesday. The company’s 50-day moving average is $94.73 and its 200 day moving average is $78.14. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.86 and a quick ratio of 2.69. The stock has a market capitalization of $14.02 billion and a P/E ratio of 423.85. Karman Holdings Inc. has a 1 year low of $25.02 and a 1 year high of $118.38.

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.