Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Target Price at $23.50

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.50.

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, June 28th. Jefferies Financial Group dropped their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. Finally, BTIG Research assumed coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating on the stock.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $18.76, for a total transaction of $131,320.00. Following the transaction, the insider now owns 423,098 shares of the company’s stock, valued at approximately $7,937,318.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $21.91, for a total value of $131,460.00. Following the completion of the sale, the chief financial officer now owns 303,909 shares of the company’s stock, valued at approximately $6,658,646.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $18.76, for a total transaction of $131,320.00. Following the transaction, the insider now owns 423,098 shares in the company, valued at approximately $7,937,318.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 175,220 shares of company stock worth $3,734,576. 2.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Bamco Inc. NY lifted its stake in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kratos Defense & Security Solutions by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock worth $80,978,000 after acquiring an additional 195,615 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after acquiring an additional 1,331,499 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $46,177,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Trading Up 5.3 %

Shares of KTOS opened at $22.54 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. Kratos Defense & Security Solutions has a 52-week low of $13.98 and a 52-week high of $22.77. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 82.31 and a beta of 1.05. The business’s fifty day moving average is $20.85 and its 200-day moving average is $19.19.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm had revenue of $277.20 million for the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities analysts anticipate that Kratos Defense & Security Solutions will post 0.29 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

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.