TimesSquare Capital Management LLC Acquires New Position in Karman Holdings Inc. (NYSE:KRMN)

TimesSquare Capital Management LLC acquired a new stake in Karman Holdings Inc. (NYSE:KRMN - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 445,569 shares of the company's stock, valued at approximately $14,891,000. TimesSquare Capital Management LLC owned approximately 0.34% of Karman as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KRMN. Bank of New York Mellon Corp bought a new position in Karman during the 1st quarter worth about $22,515,000. Stephens Investment Management Group LLC bought a new position in Karman during the 1st quarter worth about $8,740,000. Caas Capital Management LP bought a new position in Karman during the 1st quarter worth about $3,192,000. Finally, SBI Securities Co. Ltd. bought a new position in Karman during the 1st quarter worth about $107,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada increased their price objective 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 increased their price objective 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 restated a "buy" rating and set a $58.00 price objective (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Karman has a consensus rating of "Buy" and an average target price of $49.25.

Karman Trading Down 2.2%

NYSE:KRMN traded down $1.07 during mid-day trading on Tuesday, hitting $48.35. The stock had a trading volume of 572,410 shares, compared to its average volume of 936,611. The stock has a 50 day simple moving average of $44.95. 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 twelve month low of $25.02 and a twelve month high of $51.83.

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

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.