Karman Holdings Inc.’s Quiet Period Will End Tomorrow (NYSE:KRMN)

Karman’s (NYSE:KRMN) quiet period is set to end on Tuesday, March 25th. Karman had issued 23,000,000 shares in its public offering on February 13th. The total size of the offering was $506,000,000 based on an initial share price of $22.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KRMN shares. Royal Bank of Canada began coverage on shares of Karman in a research report on Monday, March 10th. They issued an “outperform” rating and a $35.00 price objective for the company. Baird R W raised Karman to a “strong-buy” rating in a research report on Monday, March 10th. Robert W. Baird assumed coverage on Karman in a report on Monday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. William Blair initiated coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company. Finally, Evercore ISI assumed coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $38.00 target price on the stock. 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. Based on data from MarketBeat.com, Karman currently has an average rating of “Buy” and a consensus target price of $38.75.

Karman Stock Performance

Karman stock opened at $35.05 on Monday. Karman has a 12 month low of $27.13 and a 12 month high of $37.64.

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.