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

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $23.50.

KTOS has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Benchmark reiterated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, June 28th. Royal Bank of Canada boosted their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, JMP Securities assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price objective for the company.

Kratos Defense & Security Solutions Stock Up 1.5 %

NASDAQ KTOS opened at $21.53 on Thursday. The stock’s 50 day simple moving average is $21.36 and its 200 day simple moving average is $19.93. Kratos Defense & Security Solutions has a one year low of $13.98 and a one year high of $23.23. The firm has a market cap of $3.23 billion, a PE ratio of 65.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The company had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the transaction, the chief financial officer now directly owns 298,016 shares of the company’s stock, valued at $5,960,320. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now directly owns 377,322 shares in the company, valued at approximately $8,557,662.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,355 shares of company stock worth $1,545,240. 2.27% of the stock is currently owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the business. TFO Wealth Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after buying an additional 1,208 shares during the period. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions in the 2nd quarter worth $30,000. NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions during the 1st quarter worth about $33,000. PNC Financial Services Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $36,000. 75.92% of the stock is owned by institutional investors.

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.