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 IPO 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 involved in the IPO are prevented 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

KRMN has been the topic of a number of recent research reports. Robert W. Baird initiated coverage on Karman in a research note on Monday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Citigroup initiated coverage on Karman in a report on Monday, March 10th. They set a “buy” rating and a $42.00 target price for the company. Evercore ISI initiated coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating and a $38.00 price target on the stock. William Blair assumed coverage on shares of Karman in a research note on Monday, March 10th. They issued an “outperform” rating for the company. Finally, Baird R W raised 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 issued a strong buy rating to the company. According to data from MarketBeat, Karman has an average rating of “Buy” and an average target price of $38.75.

Karman Stock Up 2.4 %

KRMN stock opened at $33.95 on Tuesday. Karman has a twelve month low of $27.13 and a twelve month high of $34.82.

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.