Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $44.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective increased by Noble Financial from $38.00 to $44.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Several other equities analysts have also recently issued reports on KTOS. Benchmark boosted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, April 17th. Royal Bank Of Canada boosted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.78.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $42.16 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. Kratos Defense & Security Solutions has a 12 month low of $17.91 and a 12 month high of $44.13. The company has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $31.82. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 324.33 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, analysts predict that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the company’s stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the completion of the transaction, the senior vice president now directly owns 67,488 shares in the company, valued at approximately $2,825,722.56. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the transaction, the insider now owns 404,133 shares of the company’s stock, valued at $11,901,716.85. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,572 shares of company stock worth $5,251,396. Company insiders own 2.37% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after buying an additional 1,728,179 shares during the last quarter. FMR LLC raised its position in shares of Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after buying an additional 307,907 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock valued at $82,576,000 after buying an additional 203,245 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock valued at $82,204,000 after buying an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Kratos Defense & Security Solutions by 25.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company’s stock valued at $77,480,000 after buying an additional 530,599 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.