Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $44.00 at Noble Financial

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price target upped by equities researchers at Noble Financial from $38.00 to $44.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the aerospace company's stock. Noble Financial's price target would suggest a potential upside of 2.06% from the company's previous close.

A number of other research firms also recently weighed in on KTOS. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark raised their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada upped their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Truist Financial lifted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $38.78.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS traded up $0.95 during trading hours on Tuesday, reaching $43.11. 4,782,368 shares of the company traded hands, compared to its average volume of 1,804,120. The stock's fifty day moving average is $36.47 and its 200 day moving average is $31.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock has a market cap of $6.61 billion, a P/E ratio of 331.64 and a beta of 0.99. Kratos Defense & Security Solutions has a 1-year low of $17.91 and a 1-year high of $44.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business's revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. Equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares in the company, valued at approximately $9,699,614.88. This trade represents a 1.78% 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 Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total value of $206,150.00. Following the sale, the insider now directly owns 404,133 shares of the company's stock, valued at approximately $11,901,716.85. The trade was a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 151,572 shares of company stock valued at $5,251,396. Insiders own 2.37% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently bought and sold shares of the business. Costello Asset Management INC bought a new position in Kratos Defense & Security Solutions in the 1st quarter valued at about $29,000. Aspect Partners LLC increased its stake in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter valued at approximately $30,000. Larson Financial Group LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Kratos Defense & Security Solutions by 202.3% in 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 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.