Karman Holdings Inc. (NYSE:KRMN - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $45.89 and last traded at $44.97, with a volume of 454256 shares traded. The stock had previously closed at $43.16.
Analyst Upgrades and Downgrades
KRMN has been the subject of a number of research reports. Robert W. Baird lifted their price target on Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Baird R W raised Karman to a "strong-buy" rating in a research report on Monday, March 10th. Royal Bank of Canada boosted their price objective on Karman from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Evercore ISI assumed coverage on Karman in a report on Monday, March 10th. They issued an "outperform" rating and a $38.00 price objective for the company. Finally, Citigroup assumed coverage on Karman in a report on Monday, March 10th. They issued a "buy" rating and a $42.00 price objective for the company. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $43.50.
Check Out Our Latest Report on KRMN
Karman Price Performance
The firm's fifty day moving average price is $37.65.
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 the consensus estimate of $0.02 by $0.03. The business had revenue of $100.12 million during the quarter, compared to analysts' expectations of $95.40 million. The business's revenue was up 20.6% on a year-over-year basis.
Hedge Funds Weigh In On Karman
Several institutional investors and hedge funds have recently modified their holdings of KRMN. SBI Securities Co. Ltd. purchased a new position in shares of Karman in the 1st quarter valued at about $107,000. US Bancorp DE purchased a new position in shares of Karman in the 1st quarter valued at about $124,000. Hollencrest Capital Management purchased a new position in shares of Karman in the 1st quarter valued at about $155,000. Caitong International Asset Management Co. Ltd purchased a new stake in Karman during the 1st quarter worth approximately $170,000. Finally, Phoenix Financial Ltd. purchased a new stake in Karman during the 1st quarter worth approximately $435,000.
About Karman
(
Get Free Report)
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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