Karman (NYSE:KRMN) Reaches New 52-Week High - Should You Buy?

Shares of Karman Holdings Inc. (NYSE:KRMN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $50.60 and last traded at $50.50, with a volume of 50834 shares. The stock had previously closed at $48.89.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup reaffirmed a "buy" rating and set a $58.00 price target (up from $46.50) on shares of Karman in a research note on Monday, June 9th. Royal Bank Of Canada upped their target price on Karman from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Baird R W upgraded shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Evercore ISI began coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating and a $38.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Karman in a report on Monday, March 10th. They set an "outperform" rating on the stock. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $47.50.

Karman Price Performance

The stock's 50-day simple moving average is $42.43. 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 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 firm had revenue of $100.12 million for the quarter, compared to the consensus estimate of $95.40 million. Karman's quarterly revenue was up 20.6% compared to the same quarter last year.

Institutional Investors Weigh In On Karman

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of Karman during the first quarter valued at approximately $61,024,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Karman during the 1st quarter valued at $58,799,000. Invesco Ltd. purchased a new stake in shares of Karman during the 1st quarter valued at $50,220,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Karman during the 1st quarter valued at $48,691,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Karman during the 1st quarter valued at $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.