Karman Holdings Inc.’s Quiet Period Will End 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 IPO 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 or earnings estimates 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.

Wall Street Analyst Weigh In

KRMN has been the topic of several analyst reports. Citigroup initiated coverage on Karman in a report on Monday, March 10th. They issued a “buy” rating and a $42.00 price objective on the stock. William Blair started coverage on Karman in a report on Monday, March 10th. They issued an “outperform” rating for the company. Baird R W upgraded Karman to a “strong-buy” rating in a research note on Monday, March 10th. Robert W. Baird initiated coverage on shares of Karman in a report on Monday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, Evercore ISI started coverage on Karman in a report on Monday, March 10th. They issued 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $38.75.

Karman Stock Up 2.4 %

NYSE:KRMN opened at $33.95 on Tuesday. Karman has a 52 week low of $27.13 and a 52 week 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.