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

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target boosted by equities research analysts at JMP Securities from $30.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the aerospace company’s stock. JMP Securities’ price objective indicates a potential upside of 17.52% from the company’s previous close.

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

Kratos Defense & Security Solutions Trading Up 2.5 %

Shares of Kratos Defense & Security Solutions stock traded up $0.84 during mid-day trading on Tuesday, hitting $34.04. The stock had a trading volume of 788,920 shares, compared to its average volume of 2,249,679. 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 firm has a market cap of $5.14 billion, a P/E ratio of 340.68 and a beta of 1.10. The firm has a 50-day moving average of $29.08 and a two-hundred day moving average of $25.21. 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 data on Thursday, November 7th. The aerospace company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The company had revenue of $275.90 million for the quarter, compared to analysts’ expectations of $278.47 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. During the same period in the previous year, the business posted $0.08 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the transaction, the insider now directly owns 265,499 shares of the company’s stock, valued at approximately $6,637,475. This trade represents a 1.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the senior vice president now directly owns 37,327 shares in the company, valued at $1,034,331.17. The trade was a 11.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,428 shares of company stock worth $2,496,096 in the last ninety days. 2.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 3.9% in the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after acquiring an additional 528 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after acquiring an additional 621 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 631 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 7.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 9,433 shares of the aerospace company’s stock valued at $249,000 after acquiring an additional 655 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other 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.