JPMorgan Chase & Co. Increases Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $27.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 2.31% from the stock’s current price.

KTOS has been the subject of a number of other reports. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Truist Financial boosted their target price 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group boosted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird boosted their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $26.39 on Thursday. The stock has a 50-day moving average price of $29.86 and a 200 day moving average price of $26.17. 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 $4.00 billion, a price-to-earnings ratio of 263.93 and a beta of 1.10. Kratos Defense & Security Solutions has a 12 month low of $16.78 and a 12 month high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $160,380.00. Following the completion of the transaction, the chief financial officer now directly owns 267,708 shares in the company, valued at approximately $7,155,834.84. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the transaction, the insider now owns 103,430 shares of the company’s stock, valued at $2,739,860.70. This represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,181 shares of company stock worth $2,837,986. 2.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently bought and sold shares of KTOS. Farther Finance Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 582.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares in the last quarter. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% in the 4th 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. Truvestments Capital LLC bought a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. bought a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $53,000. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.