Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded at Raymond James

Raymond James upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) from an outperform rating to a strong-buy rating in a report released on Friday morning, MarketBeat reports. The brokerage currently has $27.00 price target on the aerospace company's stock, up from their previous price target of $20.00.

Several other equities analysts have also recently commented on the stock. Royal Bank of Canada reissued an outperform rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. The Goldman Sachs Group lifted their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Jefferies Financial Group dropped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a hold rating on the stock in a research report on Wednesday, April 10th. Truist Financial lifted their target price 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 Wednesday, January 10th. Finally, Benchmark reissued a buy rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $22.14.

Kratos Defense & Security Solutions Stock Up 9.1 %

Shares of KTOS traded up $1.57 on Friday, reaching $18.86. The company's stock had a trading volume of 2,874,545 shares, compared to its average volume of 1,322,401. The company has a current ratio of 2.03, a quick ratio of 1.50 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. The stock has a market capitalization of $2.83 billion, a PE ratio of -315.95 and a beta of 0.80. The firm has a fifty day moving average of $18.17 and a 200-day moving average of $18.42.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its 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 company had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. During the same quarter in the prior year, the business posted $0.03 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. Equities analysts predict that Kratos Defense & Security Solutions will post 0.25 EPS for the current year.

Insider Activity at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the transaction, the senior vice president now directly owns 90,713 shares in the company, valued at approximately $1,637,369.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the completion of the transaction, the senior vice president now directly owns 90,713 shares in the company, valued at approximately $1,637,369.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $17.34, for a total transaction of $121,380.00. Following the completion of the transaction, the insider now owns 352,641 shares of the company's stock, valued at $6,114,794.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,538 shares of company stock worth $763,479. Corporate insiders own 2.27% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KTOS. TFO Wealth Partners LLC lifted its holdings in shares of 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 acquiring an additional 1,208 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $33,000. PNC Financial Services Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company's stock worth $36,000 after acquiring an additional 1,226 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $47,000. Finally, Gables Capital Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 87.5% during the 4th quarter. Gables Capital Management Inc. now owns 3,000 shares of the aerospace company's stock worth $61,000 after acquiring an additional 1,400 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

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.