Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Target Price at $23.50

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $23.50.

KTOS has been the topic of several recent research reports. Royal Bank of Canada boosted their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. JMP Securities initiated coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price target on the stock. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price target for the company from $20.00 to $27.00 in a research report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Finally, Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.18, for a total value of $27,270.00. Following the sale, the senior vice president now owns 67,030 shares of the company’s stock, valued at approximately $1,218,605.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $18.76, for a total transaction of $131,320.00. Following the sale, the insider now owns 423,098 shares of the company’s stock, valued at approximately $7,937,318.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $18.18, for a total value of $27,270.00. Following the sale, the senior vice president now directly owns 67,030 shares in the company, valued at approximately $1,218,605.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,720 shares of company stock valued at $3,243,891. 2.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $46,177,000. Virtu Financial LLC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at approximately $366,000. Comerica Bank lifted its stake in Kratos Defense & Security Solutions by 627.9% in the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after buying an additional 42,817 shares in the last quarter. California State Teachers Retirement System lifted its stake in Kratos Defense & Security Solutions by 7.1% in the 1st quarter. California State Teachers Retirement System now owns 145,405 shares of the aerospace company’s stock valued at $2,673,000 after buying an additional 9,577 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Kratos Defense & Security Solutions by 38.7% in the 1st quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock valued at $1,416,000 after buying an additional 21,502 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 0.8 %

KTOS opened at $20.48 on Friday. The business’s 50-day simple moving average is $19.88 and its 200-day simple moving average is $19.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. Kratos Defense & Security Solutions has a one year low of $13.13 and a one year high of $22.77. The stock has a market capitalization of $3.07 billion, a P/E ratio of 77.54 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The business had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions will post 0.3 EPS for the current year.

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.