Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $22.14 Consensus Target Price from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $22.14.

Several research firms recently commented on KTOS. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. Jefferies Financial Group cut their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Raymond James upgraded shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and raised their price target for the company from $20.00 to $27.00 in a report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $18.24, for a total transaction of $127,680.00. Following the completion of the sale, the insider now owns 345,711 shares of the company’s stock, valued at $6,305,768.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $18.24, for a total transaction of $127,680.00. Following the transaction, the insider now directly owns 345,711 shares in the company, valued at $6,305,768.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now owns 214,765 shares in the company, valued at $4,295,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,538 shares of company stock valued at $773,419. 2.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $1,628,000. FMR LLC lifted its stake in Kratos Defense & Security Solutions by 56.4% in the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after buying an additional 1,091,380 shares during the last quarter. Profit Investment Management LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $2,608,000. Raymond James & Associates raised its stake in shares of Kratos Defense & Security Solutions by 54.6% during the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company’s stock valued at $3,817,000 after purchasing an additional 66,442 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Kratos Defense & Security Solutions by 23.0% during the third quarter. Wellington Management Group LLP now owns 366,089 shares of the aerospace company’s stock valued at $5,499,000 after purchasing an additional 68,566 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Trading Up 2.5 %

Shares of KTOS stock opened at $18.54 on Friday. The firm has a market cap of $2.78 billion, a P/E ratio of -308.95 and a beta of 0.81. Kratos Defense & Security Solutions has a 1-year low of $12.12 and a 1-year high of $21.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.50. The firm’s 50-day simple moving average is $17.99 and its 200-day simple moving average is $18.49.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions will post 0.25 EPS for the current year.

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.