Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Has Consensus Target Price of $92.32 According to Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been given a consensus recommendation of “Moderate Buy” by the twenty-four analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $92.32.

A number of equities analysts have recently weighed in on KTOS shares. Piper Sandler upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a research note on Wednesday, August 5th. Truist Financial dropped their price target on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Guggenheim assumed coverage on Kratos Defense & Security Solutions in a research note on Monday, September 14th. They issued a “buy” rating and a $74.00 price target for the company. Citizens Jmp reduced their price target on Kratos Defense & Security Solutions from $105.00 to $70.00 and set a “market outperform” rating for the company in a research note on Monday. Finally, Cantor Fitzgerald decreased their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating on the stock in a report on Tuesday, August 4th.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip Carrai sold 6,500 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $39.86, for a total value of $259,090.00. Following the transaction, the insider directly owned 169,196 shares in the company, valued at approximately $6,744,152.56. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total transaction of $635,000.00. Following the transaction, the director directly owned 65,123 shares in the company, valued at approximately $4,135,310.50. This represents a 13.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 382,013 shares of company stock valued at $23,856,842. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. AdvisorNet Financial Inc boosted its stake in Kratos Defense & Security Solutions by 15.8% in the first quarter. AdvisorNet Financial Inc now owns 1,392 shares of the aerospace company’s stock valued at $98,000 after acquiring an additional 190 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 3.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,035 shares of the aerospace company’s stock worth $426,000 after purchasing an additional 205 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 2.6% in the first quarter. Cornell Pochily Investment Advisors Inc. now owns 9,936 shares of the aerospace company’s stock worth $701,000 after buying an additional 250 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Kratos Defense & Security Solutions by 61.9% in the 2nd quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 266 shares during the period. Finally, Vision Retirement LLC grew its position in shares of Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Down 3.1%

Shares of KTOS opened at $39.17 on Tuesday. Kratos Defense & Security Solutions has a 52 week low of $37.84 and a 52 week high of $134.00. The firm has a market cap of $7.35 billion, a P/E ratio of 230.41 and a beta of 1.11. The firm’s 50-day simple moving average is $48.81 and its 200 day simple moving average is $54.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $458.80 million for the quarter, compared to analysts’ expectations of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, analysts forecast that Kratos Defense & Security Solutions will post 0.58 earnings per share for the current year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.

Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.