Karman (NYSE:KRMN) Sets New 52-Week High - Still a Buy?

Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.25 and last traded at $38.46, with a volume of 181806 shares traded. The stock had previously closed at $37.89.

Analyst Upgrades and Downgrades

KRMN has been the subject of several research reports. Robert W. Baird began coverage on Karman in a report on Monday, March 10th. They set an "outperform" rating and a $40.00 price target for the company. Evercore ISI assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued an "outperform" rating and a $38.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Karman from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. William Blair initiated coverage on shares of Karman in a report on Monday, March 10th. They issued an "outperform" rating for the company. Finally, Baird R W raised shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $39.50.

Karman Trading Up 0.3 %

The stock has a 50-day moving average price of $33.62.

Institutional Trading of Karman

A number of institutional investors and hedge funds have recently made changes to their positions in KRMN. Vanguard Group Inc. acquired a new position in Karman during the first quarter valued at approximately $61,024,000. Massachusetts Financial Services Co. MA bought a new position in shares of Karman in the 1st quarter valued at $33,985,000. Bank of New York Mellon Corp acquired a new position in shares of Karman during the 1st quarter worth $22,515,000. TimesSquare Capital Management LLC bought a new stake in shares of Karman during the 1st quarter worth $14,891,000. Finally, Stephens Investment Management Group LLC acquired a new stake in Karman in the first quarter valued at about $8,740,000.

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.