Karman Holdings Inc. (NYSE:KRMN - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $56.22, but opened at $52.48. Karman shares last traded at $50.94, with a volume of 289,328 shares trading hands.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on KRMN shares. Citigroup reissued a "buy" rating and issued a $58.00 price objective (up previously from $46.50) on shares of Karman in a research report on Monday, June 9th. Royal Bank Of Canada raised their price objective on Karman from $44.00 to $51.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Finally, Robert W. Baird raised their price target on shares of Karman from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $49.25.
Read Our Latest Stock Analysis on KRMN
Karman Stock Performance
The company has a debt-to-equity ratio of 1.15, a quick ratio of 3.23 and a current ratio of 3.34. The company has a 50-day moving average of $46.94.
Karman (NYSE:KRMN - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $95.40 million. The company's revenue for the quarter was up 20.6% on a year-over-year basis.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KRMN. Vanguard Group Inc. bought a new stake in Karman during the 1st quarter valued at $61,024,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Karman during the first quarter valued at $58,799,000. Invesco Ltd. bought a new stake in shares of Karman during the first quarter valued at about $50,220,000. T. Rowe Price Investment Management Inc. acquired a new stake in Karman in the first quarter worth about $48,691,000. Finally, Alliancebernstein L.P. bought a new position in Karman in the 1st quarter valued at about $37,182,000.
About Karman
(
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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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