Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Up 3.1% on Analyst Upgrade

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) rose 3.1% during mid-day trading on Friday after Royal Bank Of Canada raised their price target on the stock from $38.00 to $50.00. Royal Bank Of Canada currently has an outperform rating on the stock. Kratos Defense & Security Solutions traded as high as $44.81 and last traded at $44.61. Approximately 2,147,465 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 2,008,004 shares. The stock had previously closed at $43.28.

KTOS has been the topic of a number of other research reports. Wall Street Zen downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Stifel Nicolaus set a $54.00 price target on Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research note on Thursday. Noble Financial lifted 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 report on Tuesday, June 17th. Finally, Benchmark boosted their price objective on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total transaction of $515,550.00. Following the completion of the transaction, the insider owned 384,492 shares of the company's stock, valued at approximately $13,214,990.04. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $32.99, for a total value of $197,940.00. Following the completion of the sale, the insider directly owned 288,048 shares in the company, valued at approximately $9,502,703.52. This represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,572 shares of company stock valued at $5,373,706. Company insiders own 2.37% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth $29,000. Aspect Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 1,900.0% in 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 last quarter. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the 1st quarter worth about $30,000. Larson Financial Group LLC purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $31,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

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 firm has a market capitalization of $6.84 billion, a P/E ratio of 343.14 and a beta of 1.06. The business's 50 day simple moving average is $38.60 and its two-hundred day simple moving average is $33.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced 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. 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 net margin of 1.68% and a return on equity of 3.85%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal 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.