Caas Capital Management LP purchased a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 95,500 shares of the company's stock, valued at approximately $3,192,000. Karman makes up 0.3% of Caas Capital Management LP's investment portfolio, making the stock its 19th biggest holding. Caas Capital Management LP owned about 0.07% of Karman at the end of the most recent quarter.
Separately, Bank of New York Mellon Corp purchased a new position in Karman during the first quarter worth about $22,515,000.
Karman Trading Up 2.9%
KRMN stock traded up $1.38 during mid-day trading on Friday, hitting $48.82. 628,658 shares of the stock were exchanged, compared to its average volume of 1,123,097. The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. The firm's fifty day simple moving average is $44.74. Karman Holdings Inc. has a 12 month low of $25.02 and a 12 month high of $51.83.
Karman (NYSE:KRMN - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The company had revenue of $100.12 million during the quarter, compared to the consensus estimate of $95.40 million. Karman's revenue was up 20.6% on a year-over-year basis.
Wall Street Analyst Weigh In
KRMN has been the subject of several research analyst reports. Robert W. Baird lifted their price target on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Royal Bank Of Canada lifted their price target on Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, Citigroup reaffirmed a "buy" rating and set a $58.00 price target (up previously from $46.50) on shares of Karman in a research note on Monday, June 9th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Karman has a consensus rating of "Buy" and an average target price of $49.25.
View Our Latest Stock Analysis on Karman
Karman Company Profile
(
Free Report)
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.
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