Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have earned an average rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $98.2778.

Several equities research analysts have weighed in on KTOS shares. KeyCorp raised their target price on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group raised their target price on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Noble Financial restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, January 20th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $74.72, for a total transaction of $485,680.00. Following the completion of the sale, the insider directly owned 227,898 shares in the company, valued at approximately $17,028,538.56. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $61.03, for a total transaction of $244,120.00. Following the sale, the insider owned 17,897 shares of the company’s stock, valued at $1,092,253.91. The trade was a 18.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 168,027 shares of company stock valued at $13,561,140. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. Royal Bank of Canada lifted its stake in shares of Kratos Defense & Security Solutions by 22.6% during the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock worth $5,655,000 after buying an additional 35,098 shares during the period. Amundi acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $791,000. NewEdge Advisors LLC lifted its stake in shares of Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after buying an additional 515 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Kratos Defense & Security Solutions by 178.0% during the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock worth $108,000 after buying an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Kratos Defense & Security Solutions by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock worth $11,686,000 after buying an additional 41,265 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $61.93 on Tuesday. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 476.42 and a beta of 1.06. Kratos Defense & Security Solutions has a twelve month low of $32.85 and a twelve month high of $134.00. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $78.53 and a two-hundred day moving average of $85.01.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Monday, February 23rd. The aerospace company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. Kratos Defense & Security Solutions had a net margin of 1.63% and a return on equity of 3.34%. Kratos Defense & Security Solutions’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the firm earned $0.13 earnings per share. As a group, analysts predict that Kratos Defense & Security Solutions will post 0.57 earnings per share for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.