Noble Financial Issues Positive Forecast for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its target price boosted by equities research analysts at Noble Financial from $38.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the aerospace company's stock. Noble Financial's price target indicates a potential upside of 1.60% from the company's previous close.

A number of other equities analysts have also commented on KTOS. Benchmark lifted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased 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 report on Monday. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, April 17th. Finally, Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.78.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $2.10 during midday trading on Tuesday, hitting $43.31. 1,108,378 shares of the company traded hands, compared to its average volume of 1,770,509. The firm's fifty day moving average price is $35.63 and its 200-day moving average price is $31.56. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 434.69 and a beta of 0.99. Kratos Defense & Security Solutions has a 12 month low of $17.91 and a 12 month high of $43.81. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

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 (EPS) for the quarter, topping 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 1.31% and a return on equity of 3.68%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were 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 represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonah Adelman sold 40,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the completion of the sale, the insider now owns 39,348 shares in the company, valued at $1,328,388.48. This represents a 50.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,153 shares of company stock valued at $4,897,153 over the last ninety days. 2.37% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock valued at $488,332,000 after acquiring an additional 1,728,179 shares during the last quarter. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after buying an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Kratos Defense & Security Solutions by 25.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after buying an additional 530,599 shares during the period. Hedge funds and other 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.

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