Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $52.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its target price hoisted by equities research analysts at Truist Financial from $38.00 to $52.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the aerospace company's stock. Truist Financial's target price would suggest a potential upside of 13.20% from the stock's previous close.

A number of other equities research analysts have also issued reports on KTOS. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Benchmark boosted their target price on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a report on Monday. Noble Financial raised 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. Finally, Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.30.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $4.61 during trading on Friday, reaching $45.94. The stock had a trading volume of 7,940,883 shares, compared to its average volume of 1,911,883. The business has a 50-day moving average of $37.18 and a 200-day moving average of $32.33. Kratos Defense & Security Solutions has a one year low of $17.91 and a one year high of $46.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock has a market cap of $7.05 billion, a PE ratio of 355.07 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. Kratos Defense & Security Solutions's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the transaction, the insider now directly owns 39,348 shares of the company's stock, valued at $1,328,388.48. This trade represents a 50.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Marie Mendoza sold 2,419 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.87, for a total value of $101,283.53. Following the completion of the sale, the senior vice president now directly owns 67,488 shares of the company's stock, valued at $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,572 shares of company stock valued at $5,251,396 in the last ninety days. Corporate insiders own 2.37% of the company's stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. Stifel Financial Corp lifted its stake in Kratos Defense & Security Solutions by 17.5% in the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock worth $7,808,000 after purchasing an additional 44,048 shares during the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in shares of Kratos Defense & Security Solutions by 27.4% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company's stock worth $1,149,000 after acquiring an additional 8,319 shares during the last quarter. Veracity Capital LLC purchased a new position in Kratos Defense & Security Solutions during the 1st quarter valued at $471,000. MinichMacGregor Wealth Management LLC bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at $5,726,000. Finally, Moran Wealth Management LLC purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $447,000. Hedge funds and other institutional investors 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.

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