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

Karman’s (NYSE:KRMN) quiet period is set to expire 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 Karman’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. 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.

Analyst Upgrades and Downgrades

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

Karman Stock Down 2.6 %

Shares of Karman stock opened at $35.05 on Friday. Karman has a 1 year low of $27.13 and a 1 year 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.