Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Target Price at $28.30

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.30.

A number of equities research analysts recently commented on KTOS shares. Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities increased their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Tuesday. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $26.00 to $35.00 in a research report on Monday, January 13th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 11,516 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $27.98, for a total value of $322,217.68. Following the sale, the insider now owns 12,315 shares of the company’s stock, valued at $344,573.70. This trade represents a 48.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total value of $138,550.00. Following the completion of the transaction, the senior vice president now owns 37,327 shares of the company’s stock, valued at $1,034,331.17. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 88,428 shares of company stock valued at $2,496,096 in the last 90 days. 2.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of KTOS. FMR LLC grew its holdings in Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after purchasing an additional 233,051 shares during the period. Geode Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Franklin Resources Inc. grew its holdings in Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares during the period. American Capital Management Inc. grew its holdings in Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after purchasing an additional 305,925 shares during the period. Finally, Portolan Capital Management LLC grew its holdings in Kratos Defense & Security Solutions by 9.0% during the third quarter. Portolan Capital Management LLC now owns 1,776,740 shares of the aerospace company’s stock worth $41,398,000 after purchasing an additional 146,319 shares during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 3.6 %

Kratos Defense & Security Solutions stock opened at $34.38 on Friday. The business has a 50 day moving average price of $29.36 and a two-hundred day moving average price of $25.39. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 343.83 and a beta of 1.10. Kratos Defense & Security Solutions has a 12 month low of $16.76 and a 12 month high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $275.90 million during the quarter, compared to analyst estimates of $278.47 million. During the same period last year, the company earned $0.08 EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

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.