Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) had its price target increased by research analysts at Noble Financial from $38.00 to $44.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Noble Financial’s price objective points to a potential upside of 4.36% from the stock’s current price.
A number of other equities research analysts have also weighed in on KTOS. Benchmark lifted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank Of Canada lifted their price target 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. Wall Street Zen cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $38.78.
Get Our Latest Stock Analysis on KTOS
Kratos Defense & Security Solutions Trading Down 2.5%
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. Kratos Defense & Security Solutions’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Equities analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.
Insider Transactions at Kratos Defense & Security Solutions
In related news, SVP Marie Mendoza sold 2,419 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $41.87, for a total value of $101,283.53. Following the sale, the senior vice president now owns 67,488 shares of the company’s stock, valued at approximately $2,825,722.56. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bobbi Doorenbos sold 5,000 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $175,000. The trade was a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 151,572 shares of company stock valued at $5,251,396 in the last 90 days. 2.37% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
A number of institutional investors have recently modified their holdings of KTOS. Stifel Financial Corp grew its stake in Kratos Defense & Security Solutions by 17.5% in the 4th quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock worth $7,808,000 after acquiring an additional 44,048 shares during the period. Veracity Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $471,000. Moran Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $447,000. Meitav Investment House Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at $390,000. Finally, Robertson Stephens Wealth Management LLC lifted its position in Kratos Defense & Security Solutions by 27.4% during the first quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company’s stock worth $1,149,000 after buying an additional 8,319 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.
Kratos Defense & Security Solutions Company Profile
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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