Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $48.00 at Benchmark

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price target hoisted by equities research analysts at Benchmark from $40.00 to $48.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Benchmark's price objective would indicate a potential upside of 6.44% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Truist Financial boosted 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. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Noble Financial boosted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. 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 report on Thursday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $39.67.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS traded up $1.98 on Monday, hitting $45.09. The company had a trading volume of 659,865 shares, compared to its average volume of 1,791,947. Kratos Defense & Security Solutions has a 52 week low of $17.91 and a 52 week high of $45.66. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 346.64 and a beta of 0.99. The firm has a 50 day moving average of $36.47 and a two-hundred day moving average of $31.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The company had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business's quarterly revenue was up 9.2% on a year-over-year basis. On average, research 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 news, SVP Marie Mendoza sold 2,419 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total value of $101,283.53. Following the sale, the senior vice president now directly owns 67,488 shares of the company's stock, valued at approximately $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.16, for a total value of $252,960.00. Following the transaction, the insider now directly owns 276,085 shares of the company's stock, valued at approximately $11,639,743.60. The trade was a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,572 shares of company stock valued at $5,251,396. Insiders own 2.37% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Kratos Defense & Security Solutions by 13.1% during the first 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 during the last quarter. Montag A & Associates Inc. boosted its stake in Kratos Defense & Security Solutions by 3.8% during the first 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. increased 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 acquiring an additional 475 shares during the last quarter. Summit Investment Advisors Inc. raised its stake 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 valued at $408,000 after acquiring an additional 490 shares during the period. Finally, MRP Capital Investments LLC boosted its stake in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.

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