Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded to Strong-Buy by Raymond James

Raymond James upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from an outperform rating to a strong-buy rating in a report issued on Friday, Marketbeat reports. They currently have $27.00 price target on the aerospace company’s stock, up from their previous price target of $20.00.

Several other research firms have also commented on KTOS. The Goldman Sachs Group boosted their price target on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Royal Bank of Canada reissued an outperform rating and set a $23.00 price target on shares of Kratos Defense & Security Solutions in a research report on Wednesday, February 14th. Truist Financial lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a buy rating in a report on Wednesday, January 10th. Benchmark restated a buy rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday. Finally, Jefferies Financial Group dropped their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a hold rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of Moderate Buy and a consensus target price of $22.14.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $18.85 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.50 and a current ratio of 2.03. The business has a 50-day moving average of $18.13 and a two-hundred day moving average of $18.45. Kratos Defense & Security Solutions has a 12 month low of $12.12 and a 12 month high of $21.60.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to analyst estimates of $253.39 million. Kratos Defense & Security Solutions had a positive return on equity of 3.01% and a negative net margin of 0.86%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. Sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.25 EPS for the current fiscal year.

Insider Activity

In other news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now directly owns 214,765 shares in the company, valued at approximately $4,295,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the chief financial officer now directly owns 214,765 shares in the company, valued at approximately $4,295,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $18.24, for a total value of $127,680.00. Following the completion of the sale, the insider now owns 345,711 shares of the company’s stock, valued at $6,305,768.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,538 shares of company stock worth $642,099. 2.27% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC grew its stake in Kratos Defense & Security Solutions by 120,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after buying an additional 1,208 shares during the last quarter. NBC Securities Inc. bought a new position in Kratos Defense & Security Solutions during the 1st quarter worth $33,000. PNC Financial Services Group Inc. grew its stake in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after buying an additional 1,226 shares during the last quarter. Headlands Technologies LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter worth $47,000. Finally, Gables Capital Management Inc. grew its stake in Kratos Defense & Security Solutions by 87.5% during the 4th quarter. Gables Capital Management Inc. now owns 3,000 shares of the aerospace company’s stock worth $61,000 after buying an additional 1,400 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 operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.