Stephens Investment Management Group LLC Invests $8.74 Million in Karman Holdings Inc. (NYSE:KRMN)

Stephens Investment Management Group LLC purchased a new position in shares of Karman Holdings Inc. (NYSE:KRMN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 261,513 shares of the company's stock, valued at approximately $8,740,000. Stephens Investment Management Group LLC owned about 0.20% of Karman at the end of the most recent reporting period.

Separately, Caas Capital Management LP acquired a new stake in Karman in the 1st quarter valued at approximately $3,192,000.

Karman Stock Up 2.9%

Karman stock opened at $48.82 on Monday. The stock's fifty day moving average price is $44.74. Karman Holdings Inc. has a 12-month low of $25.02 and a 12-month high of $51.83. 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 released its quarterly earnings data on Tuesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $100.12 million for the quarter, compared to analysts' expectations of $95.40 million. The firm's quarterly revenue was up 20.6% on a year-over-year basis.

Wall Street Analysts Forecast Growth

KRMN has been the subject of several research reports. Royal Bank Of Canada lifted their target price on shares of Karman from $44.00 to $51.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Robert W. Baird lifted their target price on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Citigroup reissued a "buy" rating and issued a $58.00 price target (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average 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.

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