Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $38.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target lifted by Royal Bank of Canada from $35.00 to $38.00 in a research note published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the aerospace company’s stock.

A number of other research firms have also weighed in on KTOS. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, Robert W. Baird lifted their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and an average target price of $36.75.

Kratos Defense & Security Solutions Trading Down 1.8 %

NASDAQ:KTOS opened at $33.61 on Thursday. The firm has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $29.29. Kratos Defense & Security Solutions has a 12 month low of $17.91 and a 12 month high of $36.85. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 336.13 and a beta of 1.03. 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 issued its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Analysts expect 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, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the sale, the senior vice president now owns 60,443 shares of the company’s stock, valued at approximately $1,639,214.16. This represents a 2.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $33.91, for a total transaction of $135,640.00. Following the completion of the sale, the insider now directly owns 53,812 shares in the company, valued at approximately $1,824,764.92. The trade was a 6.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,168 shares of company stock worth $2,537,940. 2.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently added to or reduced their stakes in the business. WealthPlan Investment Management LLC bought a new position in Kratos Defense & Security Solutions in the fourth quarter valued at $461,000. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $207,000. Stifel Financial Corp lifted its position 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 buying an additional 44,048 shares during the last quarter. MRA Advisory Group purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC grew its position in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 16,650 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

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.