JMP Securities Raises Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $40.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) had its price objective boosted by JMP Securities from $30.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. JMP Securities currently has a market outperform rating on the aerospace company's stock.

Several other analysts have also recently commented on the company. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group boosted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a report on Friday, December 13th. StockNews.com raised Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $29.30.

Kratos Defense & Security Solutions Trading Down 0.2 %

Shares of KTOS stock traded down $0.08 during trading hours on Tuesday, hitting $32.46. 1,473,451 shares of the company's stock traded hands, compared to its average volume of 2,216,289. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 12 month low of $16.78 and a 12 month high of $35.66. The stock has a market cap of $4.90 billion, a PE ratio of 324.63 and a beta of 1.10. The stock's 50 day simple moving average is $29.62 and its 200 day simple moving average is $25.50.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. During the same quarter last year, the firm posted $0.08 EPS. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 11,516 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the transaction, the insider now owns 12,315 shares in the company, valued at $344,573.70. The trade was a 48.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares of the company's stock, valued at $1,533,630. The trade was a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,428 shares of company stock valued at $2,824,956. Corporate insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KTOS. FMR LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock worth $93,966,000 after buying an additional 233,051 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after acquiring an additional 29,278 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company's stock valued at $70,951,000 after acquiring an additional 304,088 shares during the period. American Capital Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company's stock worth $62,792,000 after purchasing an additional 305,925 shares during the last quarter. Finally, Portolan Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 9.0% in the 3rd quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company's stock worth $41,398,000 after purchasing an additional 146,319 shares during the period. Institutional investors own 75.92% of the company's stock.

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.