Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $36.75

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.75.

Several equities research analysts recently weighed in on KTOS shares. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Saturday, May 10th. Royal Bank of Canada raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Truist Financial lifted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th.

Kratos Defense & Security Solutions Stock Up 2.6%

Shares of KTOS stock traded up $0.86 during trading on Tuesday, reaching $34.39. The company's stock had a trading volume of 1,071,254 shares, compared to its average volume of 1,656,373. The business has a fifty day moving average price of $32.26 and a 200-day moving average price of $29.53. 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 company has a market cap of $5.28 billion, a price-to-earnings ratio of 343.93 and a beta of 1.03. Kratos Defense & Security Solutions has a one year low of $17.91 and a one year high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Analysts anticipate that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Transactions 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 dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. The trade was a 1.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider now owns 39,348 shares in the company, valued at $1,328,388.48. The trade was a 50.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,168 shares of company stock worth $3,888,340. 2.37% of the stock is currently owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of KTOS. Northwestern Mutual Wealth Management Co. boosted its holdings in Kratos Defense & Security Solutions by 13.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company's stock valued at $86,000 after purchasing an additional 335 shares in the last quarter. Montag A & Associates Inc. raised its position in shares of Kratos Defense & Security Solutions by 3.8% in the 1st quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company's stock worth $370,000 after buying an additional 450 shares during the period. Salem Investment Counselors Inc. lifted its position in Kratos Defense & Security Solutions by 5.6% during the first quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company's stock valued at $266,000 after buying an additional 475 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after buying an additional 490 shares during the period. Finally, MRP Capital Investments LLC grew its position in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 500 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.