JMP Securities Issues Positive Forecast for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price raised by research analysts at JMP Securities from $30.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the aerospace company’s stock. JMP Securities’ price target indicates a potential upside of 17.52% from the stock’s current price.

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

Kratos Defense & Security Solutions Trading Up 2.5 %

Shares of NASDAQ:KTOS traded up $0.84 during trading hours on Tuesday, hitting $34.04. 788,920 shares of the company’s stock traded hands, compared to its average volume of 2,249,679. Kratos Defense & Security Solutions has a 1 year low of $16.76 and a 1 year high of $35.66. The business has a fifty day moving average price of $29.08 and a 200-day moving average price of $25.21. The firm has a market capitalization of $5.14 billion, a P/E ratio of 340.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $275.90 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.08 EPS. Equities analysts expect that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the transaction, the insider now owns 265,499 shares in the company, valued at $6,637,475. This represents a 1.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,428 shares of company stock valued at $2,496,096. 2.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KTOS. Cubist Systematic Strategies LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth about $107,000. AQR Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 125.2% in the 2nd quarter. AQR Capital Management LLC now owns 37,116 shares of the aerospace company’s stock valued at $743,000 after acquiring an additional 20,635 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Kratos Defense & Security Solutions by 13.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 77,516 shares of the aerospace company’s stock valued at $1,551,000 after acquiring an additional 9,032 shares during the last quarter. Algert Global LLC acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at about $302,000. Finally, Creative Planning raised its holdings in Kratos Defense & Security Solutions by 57.6% in the 2nd quarter. Creative Planning now owns 24,540 shares of the aerospace company’s stock valued at $491,000 after acquiring an additional 8,969 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.