Karman (NYSE:KRMN) Reaches New 1-Year High - What's Next?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $45.75 and last traded at $45.75, with a volume of 1790 shares traded. The stock had previously closed at $45.29.

Analyst Ratings Changes

KRMN has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Karman in a research report on Monday, March 10th. They set a "buy" rating and a $42.00 price objective for the company. Evercore ISI initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an "outperform" rating and a $38.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Karman from $38.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Baird R W raised shares of Karman to a "strong-buy" rating in a research note on Monday, March 10th. Finally, William Blair initiated coverage on shares of Karman in a research note on Monday, March 10th. They set an "outperform" rating on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $43.50.

Karman Stock Performance

The company's 50-day moving average price is $36.56.

Karman (NYSE:KRMN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share 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 analyst estimates of $95.40 million. The company's revenue was up 20.6% compared to the same quarter last year.

Institutional Investors Weigh In On Karman

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new position in shares of Karman in the first quarter valued at approximately $61,024,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Karman in the first quarter valued at approximately $58,799,000. Invesco Ltd. acquired a new position in shares of Karman in the first quarter valued at approximately $50,220,000. T. Rowe Price Investment Management Inc. acquired a new position in Karman during the 1st quarter worth approximately $48,691,000. Finally, Alliancebernstein L.P. acquired a new position in Karman during the 1st quarter worth approximately $37,182,000.

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.