Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading Up 6.8% on Analyst Upgrade

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report)’s share price traded up 6.8% on Monday after Benchmark raised their price target on the stock from $40.00 to $48.00. Benchmark currently has a buy rating on the stock. Kratos Defense & Security Solutions traded as high as $45.77 and last traded at $46.06. 753,402 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,792,943 shares. The stock had previously closed at $43.11.

Several other research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Truist Financial upped their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Noble Financial increased their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, June 16th. Finally, Royal Bank Of Canada increased their target price on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.67.

Get Our Latest Report on KTOS

Insider Activity

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 5,786 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total value of $191,574.46. Following the completion of the sale, the insider now directly owns 15,332 shares in the company, valued at $507,642.52. This trade represents a 27.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric M. Demarco bought 7,455 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $33.59 per share, with a total value of $250,413.45. Following the completion of the acquisition, the chief executive officer now directly owns 1,396,237 shares of the company’s stock, valued at approximately $46,899,600.83. The trade was a 0.54% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 151,572 shares of company stock valued at $5,251,396. 2.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in Kratos Defense & Security Solutions by 13.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company’s stock valued at $86,000 after buying an additional 335 shares during the last quarter. Montag A & Associates Inc. raised its holdings in Kratos Defense & Security Solutions by 3.8% in the 1st quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company’s stock worth $370,000 after purchasing an additional 450 shares during the period. Salem Investment Counselors Inc. increased its stake in Kratos Defense & Security Solutions by 5.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company’s stock worth $266,000 after buying an additional 475 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Kratos Defense & Security Solutions by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after buying an additional 490 shares in the last quarter. Finally, MRP Capital Investments LLC increased its stake in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Price Performance

The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The firm has a market cap of $6.69 billion, a PE ratio of 335.64 and a beta of 0.99. The stock has a 50 day simple moving average of $36.68 and a 200-day simple moving average of $32.10.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the prior year, the business posted $0.11 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

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.

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