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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $36.75.

KTOS has been the subject of a number of research reports. 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 report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank of Canada increased 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 note on Thursday, May 8th. Finally, Benchmark raised their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $1.29 during midday trading on Friday, reaching $39.30. The company had a trading volume of 3,195,944 shares, compared to its average volume of 1,745,330. Kratos Defense & Security Solutions has a 1 year low of $17.91 and a 1 year high of $41.47. The business's 50-day simple moving average is $34.61 and its 200 day simple moving average is $31.13. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $6.03 billion, a P/E ratio of 393.04 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the business posted $0.11 EPS. The firm's quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Deanna H. Lund sold 6,567 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $247,904.25. Following the sale, the chief financial officer now owns 318,766 shares in the company, valued at approximately $12,033,416.50. This trade represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 2,031 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 151,184 shares of company stock valued at $5,149,125 in the last three months. 2.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently bought and sold shares of KTOS. Costello Asset Management INC purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $29,000. Aspect Partners LLC grew its stake in Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the period. Smallwood Wealth Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at $30,000. Larson Financial Group LLC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds 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.