Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Up 3.3% on Analyst Upgrade

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s stock price shot up 3.3% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $54.00 to $70.00. Stifel Nicolaus currently has a buy rating on the stock. Kratos Defense & Security Solutions traded as high as $61.05 and last traded at $61.09. 1,791,612 shares were traded during trading, a decline of 19% from the average session volume of 2,212,423 shares. The stock had previously closed at $59.12.

A number of other research firms also recently issued reports on KTOS. Benchmark boosted their target price on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday. Royal Bank Of Canada upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, July 3rd. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $47.58.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total value of $515,550.00. Following the sale, the insider directly owned 384,492 shares in the company, valued at $13,214,990.04. This represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonah Adelman sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the sale, the insider owned 39,348 shares in the company, valued at approximately $1,328,388.48. This trade represents a 50.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 151,572 shares of company stock valued at $5,586,226. Insiders own 2.37% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth $594,000. Stifel Financial Corp increased its position 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 buying an additional 44,048 shares during the period. New York State Teachers Retirement System acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $1,407,000. Oregon Public Employees Retirement Fund acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $1,039,000. Finally, Bank of New York Mellon Corp boosted its stake in Kratos Defense & Security Solutions by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after purchasing an additional 24,455 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

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 business's 50 day simple moving average is $41.79 and its 200-day simple moving average is $34.86. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 469.92 and a beta of 1.06.

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, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

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.

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