Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) PT at $36.75

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $36.75.

KTOS has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Truist Financial raised 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 report on Thursday, April 17th. Benchmark raised their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 10th.

Kratos Defense & Security Solutions Trading Down 0.2%

NASDAQ KTOS opened at $35.13 on Tuesday. The company has a fifty day simple moving average of $32.49 and a two-hundred day simple moving average of $29.78. The stock has a market cap of $5.39 billion, a P/E ratio of 351.34 and a beta of 1.03. Kratos Defense & Security Solutions has a 12-month low of $17.91 and a 12-month high of $36.85. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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. The business had revenue of $302.60 million during the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. On average, analysts forecast that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,031 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $31.36, for a total value of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares of the company’s stock, valued at approximately $2,172,871.68. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares of the company’s stock, valued at $9,114,529.40. The trade was a 1.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,817 shares of company stock valued at $4,007,207. Corporate insiders own 2.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Vanguard Group Inc. grew its position in shares of Kratos Defense & Security Solutions by 11.7% in the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after purchasing an additional 1,728,179 shares during the period. FMR LLC boosted its position in Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after acquiring an additional 307,907 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Kratos Defense & Security Solutions by 6.9% during the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after acquiring an additional 203,245 shares during the last quarter. Franklin Resources Inc. boosted its position in Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock worth $82,204,000 after acquiring an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Kratos Defense & Security Solutions by 25.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company’s stock worth $77,480,000 after acquiring an additional 530,599 shares during the last quarter. Hedge funds and other institutional investors 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.