Karman Holdings Inc. (NYSE:KRMN - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $47.70 and last traded at $47.01, with a volume of 300180 shares traded. The stock had previously closed at $45.99.
Analyst Ratings Changes
Several research firms have commented on KRMN. Robert W. Baird upped their target price on shares of Karman from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. William Blair began coverage on shares of Karman in a report on Monday, March 10th. They issued an "outperform" rating for the company. Citigroup reiterated a "buy" rating and issued a $58.00 price objective (up from $46.50) on shares of Karman in a report on Monday, June 9th. Evercore ISI began coverage on shares of Karman in a report on Monday, March 10th. They issued an "outperform" rating and a $38.00 price objective for the company. Finally, Baird R W upgraded shares of Karman to a "strong-buy" rating in a report on Monday, March 10th. Five equities research 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.com, Karman presently has a consensus rating of "Buy" and an average target price of $47.50.
Read Our Latest Analysis on Karman
Karman Trading Down 0.1%
The business has a fifty day moving average of $39.29.
Karman (NYSE:KRMN - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates 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 business's revenue for the quarter was up 20.6% compared to the same quarter last year.
Hedge Funds Weigh In On Karman
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Karman in the 1st quarter worth approximately $61,024,000. Price T Rowe Associates Inc. MD acquired a new position in Karman in the 1st quarter worth approximately $58,799,000. Invesco Ltd. acquired a new position in Karman in the 1st quarter worth approximately $50,220,000. T. Rowe Price Investment Management Inc. acquired a new position in Karman in the 1st quarter worth approximately $48,691,000. Finally, Alliancebernstein L.P. acquired a new position in Karman in the 1st quarter worth approximately $37,182,000.
Karman Company Profile
(
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.
Further Reading
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