Stifel Nicolaus Issues Positive Forecast for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective boosted by Stifel Nicolaus from $54.00 to $70.00 in a report issued on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the aerospace company’s stock.

KTOS has been the subject of several other research reports. JPMorgan Chase & Co. raised their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 30th. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Benchmark lifted their price target on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.58.

Kratos Defense & Security Solutions Stock Performance

KTOS opened at $58.78 on Monday. Kratos Defense & Security Solutions has a 1 year low of $17.91 and a 1 year high of $61.43. The business has a fifty day simple moving average of $42.29 and a 200 day simple moving average of $35.08. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The company has a market capitalization of $9.02 billion, a PE ratio of 452.19 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The firm had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts expect that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 7,455 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $33.59 per share, for a total transaction of $250,413.45. Following the completion of the purchase, the chief executive officer directly owned 1,396,237 shares of the company’s stock, valued at $46,899,600.83. The trade was a 0.54% increase in their ownership of the stock. The acquisition 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 Kratos Defense & Security Solutions 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 completion of the transaction, the insider owned 39,348 shares of the company’s stock, valued at $1,328,388.48. This trade represents a 50.41% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,572 shares of company stock worth $5,586,226. 2.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KTOS. Rovida Investment Management Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $46,789,000. Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the period. Nuveen LLC purchased a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $41,118,000. Voya Investment Management LLC grew its holdings in Kratos Defense & Security Solutions by 129.2% during the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock valued at $64,226,000 after purchasing an additional 1,219,585 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $28,944,000. 75.92% of the stock is 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.