Royce & Associates LP Invests $4.57 Million in Karman Holdings Inc. (NYSE:KRMN)

Royce & Associates LP acquired a new position in Karman Holdings Inc. (NYSE:KRMN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 136,609 shares of the company's stock, valued at approximately $4,565,000. Royce & Associates LP owned about 0.10% of Karman at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA acquired a new stake in shares of Karman in the first quarter worth $33,985,000. Bank of New York Mellon Corp acquired a new stake in Karman during the first quarter worth $22,515,000. TimesSquare Capital Management LLC acquired a new stake in Karman during the first quarter worth $14,891,000. Stephens Investment Management Group LLC acquired a new stake in Karman during the first quarter worth $8,740,000. Finally, Jennison Associates LLC acquired a new stake in Karman during the first quarter worth $5,740,000.

Karman Price Performance

Shares of NYSE KRMN opened at $50.45 on Monday. The firm's fifty day moving average is $47.06. Karman Holdings Inc. has a 52-week low of $25.02 and a 52-week high of $57.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 3.34 and a quick ratio of 3.23.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KRMN. Royal Bank Of Canada lifted their price target on shares of Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Robert W. Baird lifted their price target on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Citigroup reiterated 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. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $49.25.

Karman Company 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.

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