Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $40.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price raised by JMP Securities from $30.00 to $40.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a market outperform rating on the aerospace company’s stock.

Several other equities analysts have also issued reports on KTOS. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Finally, Jefferies Financial Group boosted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.30.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $34.38 on Tuesday. The stock has a 50-day moving average price of $29.36 and a 200-day moving average price of $25.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a market cap of $5.19 billion, a PE ratio of 343.83 and a beta of 1.10. Kratos Defense & Security Solutions has a 1 year low of $16.76 and a 1 year high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $275.90 million during the quarter, compared to analysts’ expectations of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period in the prior year, the firm earned $0.08 EPS. Sell-side analysts predict that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total transaction of $160,380.00. Following the completion of the transaction, the chief financial officer now directly owns 267,708 shares in the company, valued at approximately $7,155,834.84. The trade was a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.98, for a total value of $322,217.68. Following the transaction, the insider now owns 12,315 shares of the company’s stock, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,428 shares of company stock worth $2,496,096. 2.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KTOS. FMR LLC boosted its stake in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares during the period. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Franklin Resources Inc. boosted its stake in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares during the period. American Capital Management Inc. boosted its stake in Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after purchasing an additional 305,925 shares during the period. Finally, Portolan Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 9.0% in the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after purchasing an additional 146,319 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.