Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $35.00 at Robert W. Baird

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target increased by Robert W. Baird from $22.00 to $35.00 in a research note released on Monday, Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

A number of other analysts have also recently weighed in on KTOS. Benchmark reissued a buy rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JMP Securities assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a market outperform rating and a $27.00 price objective for the company. BTIG Research started coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a neutral rating on the stock. JPMorgan Chase & Co. boosted their target price on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a neutral rating in a report on Tuesday, May 28th. Finally, Royal Bank of Canada raised their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $24.78.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $23.55 on Monday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 70.09 and a beta of 1.02. The firm’s fifty day simple moving average is $21.68 and its 200-day simple moving average is $20.20. Kratos Defense & Security Solutions has a twelve month low of $13.98 and a twelve month high of $24.08. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. Kratos Defense & Security Solutions’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. Equities analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the sale, the chief financial officer now directly owns 298,016 shares of the company’s stock, valued at $5,960,320. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the chief financial officer now owns 298,016 shares of the company’s stock, valued at approximately $5,960,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the transaction, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,210 shares of company stock worth $1,505,072. 2.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. TFO Wealth Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 1,208 shares during the period. MFA Wealth Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. PNC Financial Services Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares during the period. Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $36,000. Finally, NBC Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $33,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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.