Karman Holdings Inc.
In the published model solve dated 2026-Q2, anchored at $45.82, Karman Holdings Inc. (KRMN) is priced for today's economics sustained for ~20.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Karman builds the physical hardware inside missiles, hypersonic vehicles, and launch systems, spread roughly evenly across hypersonics and strategic missile defense, space and launch, and tactical missiles, so it sells into the fastest-funded corners of the defense budget rather than one program. • The single number that defines the bet is the multiple: at roughly 100 times operating income the price embeds something like two decades of ceiling-rate growth, a durability assumption only a small
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345 institutional managers reported holding KRMN in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 36%. 107 opened new positions that quarter. Held by Vanguard Group, FMR (Fidelity), BlackRock, among others. On the short side, 8.7M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
No open-market insider buys on file at KRMN over the trailing three years. Absence is a fact about the company, not a signal. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KRMN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-08-09 | -5.6% | +63.4% |
| 2025-11-08 | -11.2% | +49.8% |
| 2026-04-04 | -15.6% | -42.3% |
| 2026-05-15 | +14.4% | pending |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KRMN's latest 8-K filings: 2026-06-11 (items 4.01, 9.01); 2026-06-01 (items 1.01, 7.01, 8.01, 9.01); 2026-05-12 (items 2.02, 9.01); 2026-05-04 (items 5.07); 2026-03-25 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.