Karman Holdings Inc.’s (NYSE:KRMN) Quiet Period Will End on March 25th

Karman’s (NYSE:KRMN) quiet period is set to expire 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 Karman’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the end 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.

Wall Street Analyst Weigh In

KRMN has been the topic of a number of analyst reports. Baird R W raised Karman to a “strong-buy” rating in a research note on Monday, March 10th. Evercore ISI initiated coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $38.00 price target on the stock. Royal Bank of Canada initiated coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $35.00 price target on the stock. Citigroup initiated coverage on Karman in a research note on Monday, March 10th. They issued a “buy” rating and a $42.00 price target on the stock. Finally, William Blair initiated coverage on Karman in a research note on Monday, March 10th. They issued an “outperform” rating on the stock. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $38.75.

Karman Trading Up 7.6 %

NYSE:KRMN opened at $37.11 on Thursday. Karman has a fifty-two week low of $27.13 and a fifty-two week high of $37.42.

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.