Kratos Defense & Security Solutions (NASDAQ:KTOS) PT Lowered to $20.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective cut by Jefferies Financial Group from $22.00 to $20.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other analysts have also recently commented on KTOS. The Goldman Sachs Group boosted their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a neutral rating in a research note on Tuesday, February 20th. Benchmark upped their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a buy rating in a research note on Tuesday, February 20th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a buy rating in a research note on Wednesday, January 10th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $23.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $21.14.

Kratos Defense & Security Solutions Stock Down 1.3 %

KTOS stock opened at $18.10 on Wednesday. The stock has a market capitalization of $2.70 billion, a P/E ratio of -301.62 and a beta of 0.80. The firm has a 50-day simple moving average of $18.26 and a 200-day simple moving average of $18.22. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. Kratos Defense & Security Solutions has a 52 week low of $12.12 and a 52 week high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $273.80 million during the quarter, compared to analysts’ expectations of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 earnings per share. Equities analysts forecast that Kratos Defense & Security Solutions will post 0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.87, for a total value of $73,045.00. Following the transaction, the insider now directly owns 223,131 shares in the company, valued at approximately $4,656,743.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.87, for a total value of $73,045.00. Following the transaction, the insider now directly owns 223,131 shares in the company, valued at approximately $4,656,743.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the transaction, the chief financial officer now owns 214,765 shares in the company, valued at $4,295,300. The disclosure for this sale can be found here. Insiders have sold 40,038 shares of company stock worth $738,519 in the last ninety days. 2.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in KTOS. JPMorgan Chase & Co. lifted its holdings in shares of Kratos Defense & Security Solutions by 22.5% in the 1st quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after acquiring an additional 29,108 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Kratos Defense & Security Solutions by 36.0% in the 1st quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after acquiring an additional 27,379 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 32.4% in the 1st quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after acquiring an additional 190,343 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after acquiring an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 3.2% in the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after acquiring an additional 294,143 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.