Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $44.00 to $48.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 3.81% from the company's previous close.

KTOS has been the subject of several other reports. Noble Financial raised their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Benchmark raised their price objective on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Stifel Nicolaus started coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 24th. They set a "buy" rating and a $52.00 price objective for the company. Truist Financial upped their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target for the company in a research report on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.55.

Kratos Defense & Security Solutions Trading Up 0.9%

Shares of KTOS stock traded up $0.40 during trading hours on Monday, hitting $46.24. 1,957,964 shares of the company were exchanged, compared to its average volume of 1,943,181. The company has a 50 day simple moving average of $37.44 and a two-hundred day simple moving average of $32.54. The firm has a market cap of $7.09 billion, a P/E ratio of 355.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions has a fifty-two week low of $17.91 and a fifty-two week high of $47.55.

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

Insider Activity

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 39,348 shares of the company's stock, valued at approximately $1,328,388.48. This represents a 50.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the sale, the insider now owns 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,572 shares of company stock worth $5,045,246 over the last 90 days. 2.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the period. FMR LLC grew its position in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after acquiring an additional 307,907 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after purchasing an additional 317,305 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Kratos Defense & Security Solutions by 25.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after buying an additional 530,599 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.