Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $70.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) had its price target lifted by Stifel Nicolaus from $54.00 to $70.00 in a research note published on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company's stock.

Several other research firms have also issued reports on KTOS. Truist Financial lifted their price target on 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. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Cantor Fitzgerald reiterated an "overweight" rating on shares of Kratos Defense & Security Solutions in a report on Friday. Finally, Royal Bank Of Canada boosted their price target on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $50.08.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded down $3.36 during midday trading on Monday, reaching $55.42. The company had a trading volume of 6,831,781 shares, compared to its average volume of 2,245,620. The company's 50 day moving average price is $42.29 and its 200 day moving average price is $35.08. 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 cap of $8.50 billion, a P/E ratio of 426.34 and a beta of 1.06. Kratos Defense & Security Solutions has a 52-week low of $17.91 and a 52-week high of $61.43.

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, beating analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analysts' expectations 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 quarter in the previous year, the firm posted $0.11 EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,567 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total transaction of $247,904.25. Following the transaction, the chief financial officer owned 318,766 shares of the company's stock, valued at approximately $12,033,416.50. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric M. Demarco acquired 7,455 shares of the stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $33.59 per share, for a total transaction of $250,413.45. Following the purchase, the chief executive officer directly owned 1,396,237 shares of the company's stock, valued at $46,899,600.83. The trade was a 0.54% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 151,572 shares of company stock valued at $5,586,226 in the last three months. Company insiders own 2.37% of the company's stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $29,000. Aspect Partners LLC increased its holdings in Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the period. Smallwood Wealth Investment Management LLC purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Larson Financial Group LLC purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after purchasing an additional 700 shares during the period. 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.