Jefferies Financial Group Lowers Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $20.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) had its target price decreased by Jefferies Financial Group from $22.00 to $20.00 in a research note published on Wednesday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the aerospace company's stock.

A number of other research firms have also recently weighed in on KTOS. The Goldman Sachs Group upped their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a neutral rating in a report on Tuesday, February 20th. Royal Bank of Canada restated an outperform rating and issued a $23.00 price target on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Benchmark boosted their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a buy rating in a research report on Tuesday, February 20th. Finally, Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $21.14.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $0.23 on Wednesday, reaching $18.10. 1,398,015 shares of the company's stock were exchanged, compared to its average volume of 1,336,001. The stock has a fifty day moving average of $18.24 and a 200-day moving average of $18.22. The firm has a market cap of $2.70 billion, a PE ratio of -299.78 and a beta of 0.80. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions has a twelve month low of $12.12 and a twelve month high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The business had revenue of $273.80 million for the quarter, compared to analysts' expectations of $253.39 million. During the same period in the prior year, the company posted $0.03 EPS. The business's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts predict that Kratos Defense & Security Solutions will post 0.27 EPS for the current fiscal year.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $18.05, for a total transaction of $27,075.00. Following the transaction, the senior vice president now owns 90,713 shares of the company's stock, valued at approximately $1,637,369.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Marie Mendoza sold 1,500 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the transaction, the senior vice president now owns 90,713 shares of the company's stock, valued at approximately $1,637,369.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $17.34, for a total transaction of $121,380.00. Following the transaction, the insider now owns 352,641 shares in the company, valued at $6,114,794.94. The disclosure for this sale can be found here. Insiders sold a total of 40,038 shares of company stock valued at $738,519 over the last 90 days. Insiders own 2.06% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. TFO Wealth Partners LLC increased its position in Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company's stock worth $25,000 after purchasing an additional 1,208 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $33,000. PNC Financial Services Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock valued at $36,000 after acquiring an additional 1,226 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Kratos Defense & Security Solutions by 100.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the aerospace company's stock valued at $40,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Kratos Defense & Security Solutions by 100.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,000 shares of the aerospace company's stock valued at $41,000 after acquiring an additional 1,000 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.