JPMorgan Chase & Co. Issues Positive Forecast for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price boosted by JPMorgan Chase & Co. from $27.00 to $33.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

Several other equities research analysts have also commented on KTOS. Royal Bank of Canada reduced their price target on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Robert W. Baird increased their target price 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. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Price Performance

NASDAQ KTOS opened at $30.81 on Friday. Kratos Defense & Security Solutions has a 52 week low of $17.05 and a 52 week high of $35.66. The firm has a market capitalization of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $30.45 and a 200-day moving average price of $27.02.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.38, for a total transaction of $188,280.00. Following the completion of the transaction, the insider now directly owns 293,897 shares in the company, valued at approximately $9,222,487.86. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total value of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares of the company’s stock, valued at $2,057,340.60. This represents a 2.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 in the last three months. 2.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management lifted its position in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the last quarter. Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter worth $39,000. Capital Advisors Ltd. LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $55,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Company Profile

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.