Massachusetts Financial Services Co. MA Makes New Investment in Karman Holdings Inc. (NYSE:KRMN)

Massachusetts Financial Services Co. MA acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,016,907 shares of the company's stock, valued at approximately $33,985,000. Massachusetts Financial Services Co. MA owned about 0.77% of Karman as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new position in shares of Karman during the first quarter worth approximately $22,515,000. TimesSquare Capital Management LLC bought a new stake in Karman in the 1st quarter valued at about $14,891,000. Stephens Investment Management Group LLC bought a new stake in Karman during the 1st quarter worth approximately $8,740,000. Caas Capital Management LP bought a new position in shares of Karman in the first quarter valued at approximately $3,192,000. Finally, SBI Securities Co. Ltd. purchased a new position in Karman in the first quarter valued at approximately $107,000.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird increased their target price on Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating and issued a $58.00 target price (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Finally, Royal Bank Of Canada upped their target price on shares of Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Karman currently has an average rating of "Buy" and an average target price of $49.25.

Karman Stock Performance

Shares of Karman stock opened at $56.37 on Friday. The company has a quick ratio of 3.23, a current ratio of 3.34 and a debt-to-equity ratio of 1.15. Karman Holdings Inc. has a one year low of $25.02 and a one year high of $57.07. The stock's fifty day moving average price is $45.81.

Karman (NYSE:KRMN - Get Free Report) last posted 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 business had revenue of $100.12 million during the quarter, compared to analysts' expectations of $95.40 million. The business's revenue for the quarter was up 20.6% compared to the same quarter last year.

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.

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