Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rating Reaffirmed by JMP Securities

Kratos Defense & Security Solutions (NASDAQ:KTOS)‘s stock had its “market outperform” rating restated by stock analysts at JMP Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $27.00 target price on the aerospace company’s stock. JMP Securities’ price objective would indicate a potential upside of 13.11% from the stock’s previous close.

Several other equities analysts have also recently commented on KTOS. Benchmark restated a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. BTIG Research started coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. Truist Financial restated a “buy” rating and issued a $27.00 price objective (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Royal Bank of Canada lifted their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Kratos Defense & Security Solutions Stock Up 2.4 %

Shares of Kratos Defense & Security Solutions stock traded up $0.57 during midday trading on Tuesday, hitting $23.87. The company’s stock had a trading volume of 152,266 shares, compared to its average volume of 1,144,550. Kratos Defense & Security Solutions has a 1-year low of $14.33 and a 1-year high of $24.08. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $3.60 billion, a P/E ratio of 72.78 and a beta of 1.02. The stock has a 50-day simple moving average of $21.86 and a 200-day simple moving average of $20.39.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. As a group, sell-side analysts expect that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $22.68, for a total transaction of $158,760.00. Following the completion of the transaction, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now owns 377,322 shares of the company’s stock, valued at approximately $8,557,662.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,210 shares of company stock worth $1,385,072. 2.27% of the stock is owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares during the last quarter. Bamco Inc. NY raised its holdings in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after acquiring an additional 136,696 shares in the last quarter. Hood River Capital Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after acquiring an additional 139,853 shares during the period. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock worth $50,655,000 after purchasing an additional 19,104 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.