Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price upped by equities researchers at JPMorgan Chase & Co. from $27.00 to $33.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.11% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Truist Financial upped their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird upped their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Royal Bank of Canada decreased their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. One equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Down 2.8 %

NASDAQ:KTOS opened at $30.81 on Friday. 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 stock’s fifty day moving average is $30.45 and its two-hundred day moving average is $27.05. Kratos Defense & Security Solutions has a 52 week low of $17.05 and a 52 week high of $35.66. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,196 shares of company stock valued at $3,144,160 over the last quarter. 2.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of KTOS. Victory Capital Management Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 27.0% during the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after purchasing an additional 5,101 shares during the last quarter. KBC Group NV grew its holdings in shares of Kratos Defense & Security Solutions by 23.7% during the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 976 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions by 16.7% during the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 2,546 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Kratos Defense & Security Solutions by 12.0% during the third quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock worth $1,908,000 after purchasing an additional 8,799 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter worth about $826,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.