CenterBook Partners LP Makes New Investment in Karman Holdings Inc. (NYSE:KRMN)

CenterBook Partners LP acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,379 shares of the company's stock, valued at approximately $1,684,000.

Several other institutional investors and hedge funds have also made changes to their positions in KRMN. Vanguard Group Inc. bought a new position in shares of Karman in the first quarter valued at approximately $61,024,000. Massachusetts Financial Services Co. MA bought a new position in shares of Karman in the first quarter valued at approximately $33,985,000. Bank of New York Mellon Corp bought a new position in shares of Karman in the first quarter valued at approximately $22,515,000. TimesSquare Capital Management LLC bought a new position in shares of Karman in the first quarter valued at approximately $14,891,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of Karman in the first quarter valued at approximately $8,740,000.

Karman Stock Down 1.1%

Shares of NYSE:KRMN traded down $0.60 during mid-day trading on Friday, hitting $55.70. The stock had a trading volume of 418,746 shares, compared to its average volume of 939,340. The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.23 and a current ratio of 3.34. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $57.32. The firm's 50 day simple moving average is $45.81.

Karman (NYSE:KRMN - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The firm had revenue of $100.12 million during the quarter, compared to analysts' expectations of $95.40 million. The business's revenue was up 20.6% on a year-over-year basis.

Analyst Ratings Changes

KRMN has been the subject of several recent analyst reports. Royal Bank Of Canada increased their price objective on shares of Karman from $44.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Citigroup restated a "buy" rating and set a $58.00 target price (up from $46.50) on shares of Karman in a report on Monday, June 9th. Finally, Robert W. Baird raised their target price on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Five research 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, the stock has an average rating of "Buy" and a consensus target price of $49.25.

Karman Profile

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.