Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $44.00 Price Target at Noble Financial

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price increased by equities researchers at Noble Financial from $38.00 to $44.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the aerospace company’s stock. Noble Financial’s price target suggests a potential upside of 1.60% from the company’s previous close.

KTOS has been the subject of several other reports. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Royal Bank of Canada increased their price objective on 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 upped their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Benchmark boosted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.78.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded up $2.10 during trading on Tuesday, reaching $43.31. 1,108,378 shares of the stock traded hands, compared to its average volume of 1,770,509. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market capitalization of $6.65 billion, a P/E ratio of 434.69 and a beta of 0.99. Kratos Defense & Security Solutions has a 52-week low of $17.91 and a 52-week high of $43.81. The company has a 50-day moving average of $35.63 and a 200-day moving average of $31.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 5,786 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total transaction of $191,574.46. Following the transaction, the insider now owns 15,332 shares of the company’s stock, valued at approximately $507,642.52. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonah Adelman sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total value of $1,350,400.00. Following the transaction, the insider now owns 39,348 shares in the company, valued at approximately $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,153 shares of company stock valued at $4,897,153. Insiders own 2.37% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently added to or reduced their stakes in KTOS. Stifel Financial Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 17.5% during the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock worth $7,808,000 after purchasing an additional 44,048 shares during the period. Veracity Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $471,000. Moran Wealth Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $447,000. Meitav Investment House Ltd. bought a new position in shares of Kratos Defense & Security Solutions during the fourth quarter valued at approximately $390,000. Finally, EFG Asset Management North America Corp. lifted its stake in Kratos Defense & Security Solutions by 59.1% in the fourth quarter. EFG Asset Management North America Corp. now owns 189,276 shares of the aerospace company’s stock worth $4,994,000 after acquiring an additional 70,293 shares during the period. 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.