Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $125.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective increased by Citizens Jmp from $105.00 to $125.00 in a report released on Monday morning,Benzinga reports. They currently have a market outperform rating on the aerospace company’s stock.

Several other analysts have also commented on the company. BTIG Research raised their target price on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Truist Financial set a $135.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, January 9th. Jones Trading initiated coverage on shares of Kratos Defense & Security Solutions in a report on Monday, January 5th. They set a “buy” rating for the company. Robert W. Baird increased their price target on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Finally, B. Riley raised their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $87.94.

Kratos Defense & Security Solutions Stock Up 1.5%

NASDAQ:KTOS opened at $121.50 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.30 and a quick ratio of 3.68. The company’s fifty day moving average price is $80.15 and its 200-day moving average price is $74.51. Kratos Defense & Security Solutions has a 1-year low of $23.90 and a 1-year high of $123.96. The firm has a market capitalization of $20.51 billion, a P/E ratio of 934.69 and a beta of 1.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The firm’s revenue was up 26.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, Director William A. Hoglund sold 75,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $74.35, for a total value of $5,576,250.00. Following the sale, the director owned 147,193 shares in the company, valued at $10,943,799.55. This trade represents a 33.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco sold 200,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $74.09, for a total transaction of $14,818,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,196,237 shares in the company, valued at $88,629,199.33. This represents a 14.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 898,639 shares of company stock valued at $72,622,719. Insiders own 2.37% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in Kratos Defense & Security Solutions by 1,389.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the last quarter. Rovida Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $82,315,000. Franklin Resources Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock worth $236,268,000 after buying an additional 1,162,577 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in Kratos Defense & Security Solutions during the third quarter worth about $91,901,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth about $37,475,000. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.