JMP Securities Increases Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $40.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective raised by equities researchers at JMP Securities from $30.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market outperform” rating on the aerospace company’s stock. JMP Securities’ price objective indicates a potential upside of 16.69% from the company’s previous close.

A number of other analysts have also commented on the company. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $29.30.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $34.28 on Tuesday. The firm has a market cap of $5.18 billion, a P/E ratio of 342.83 and a beta of 1.10. Kratos Defense & Security Solutions has a twelve month low of $16.78 and a twelve month high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm’s 50 day moving average price is $29.51 and its two-hundred day moving average price is $25.45.

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

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the transaction, the senior vice president now directly owns 55,631 shares of the company’s stock, valued at $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now owns 51,121 shares in the company, valued at approximately $1,533,630. This represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,428 shares of company stock worth $2,824,956 in the last ninety days. Insiders own 2.27% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornell Pochily Investment Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $207,000. Lord Abbett & CO. LLC increased its stake in shares of Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares during the period. MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $448,000. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after purchasing an additional 29,278 shares during the period. Finally, Barclays PLC grew its holdings in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after buying an additional 192,667 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.