Karman Holdings Inc.’s Quiet Period Will Expire on March 25th (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 initial 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, insiders and underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KRMN shares. Robert W. Baird started coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Evercore ISI started coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating and a $38.00 price target for the company. William Blair initiated coverage on shares of Karman in a research report on Monday, March 10th. They set an “outperform” rating for the company. Royal Bank of Canada initiated coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Baird R W raised shares of Karman to a “strong-buy” rating in a report on Monday, March 10th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $38.75.

Karman Trading Down 2.6 %

KRMN stock opened at $35.05 on Friday. Karman has a 1-year low of $27.13 and a 1-year high of $37.64.

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.