Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $44.00 at JPMorgan Chase & Co.

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price hoisted by JPMorgan Chase & Co. from $33.00 to $44.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the aerospace company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. Benchmark upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $38.13.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $41.21 on Monday. Kratos Defense & Security Solutions has a 52-week low of $17.91 and a 52-week high of $42.73. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 412.14 and a beta of 0.99. The firm has a 50 day moving average price of $35.63 and a 200-day moving average price of $31.56. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share 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 net margin of 1.31% and a return on equity of 3.68%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. Equities research analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $29.45, for a total transaction of $206,150.00. Following the transaction, the insider now directly owns 404,133 shares in the company, valued at approximately $11,901,716.85. This trade represents a 1.70% decrease in their ownership of the stock. 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 stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction 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. This represents a 50.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,153 shares of company stock valued at $4,897,153 in the last ninety days. 2.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Northwestern Mutual Wealth Management Co. boosted its stake in Kratos Defense & Security Solutions by 13.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 335 shares in the last quarter. Montag A & Associates Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 3.8% in the first quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company’s stock worth $370,000 after buying an additional 450 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 5.6% in the first quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company’s stock worth $266,000 after buying an additional 475 shares during the last quarter. Summit Investment Advisors Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after buying an additional 490 shares during the last quarter. Finally, MRP Capital Investments LLC raised its holdings in shares of Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after buying an additional 500 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

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.