Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $65.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price lifted by Royal Bank Of Canada from $50.00 to $65.00 in a research report sent to investors on Friday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the aerospace company’s stock.

Several other brokerages have also issued reports on KTOS. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Monday, June 30th. Truist Financial increased their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Finally, Stifel Nicolaus increased their price target on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of “Moderate Buy” and an average price target of $51.33.

Kratos Defense & Security Solutions Trading Up 8.1%

Shares of Kratos Defense & Security Solutions stock opened at $63.88 on Friday. Kratos Defense & Security Solutions has a 1 year low of $19.36 and a 1 year high of $66.13. The firm has a market cap of $9.80 billion, a PE ratio of 638.86 and a beta of 1.04. The stock has a fifty day moving average price of $48.79 and a 200-day moving average price of $37.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.43 and a quick ratio of 3.88.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The firm had revenue of $351.50 million during the quarter, compared to analyst estimates of $305.67 million. During the same period last year, the firm posted $0.14 EPS. The business’s revenue was up 17.1% compared to the same quarter last year. Equities research analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the transaction, the insider owned 39,348 shares in the company, valued at $1,328,388.48. This trade represents a 50.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.73, for a total value of $202,380.00. Following the completion of the transaction, the insider owned 282,084 shares of the company’s stock, valued at approximately $9,514,693.32. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 145,572 shares of company stock worth $5,644,656 in the last 90 days. 2.37% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after purchasing an additional 1,728,179 shares during the period. ARK Investment Management LLC boosted its position in shares of Kratos Defense & Security Solutions by 22.2% during the second quarter. ARK Investment Management LLC now owns 4,507,692 shares of the aerospace company’s stock valued at $209,382,000 after purchasing an additional 818,104 shares in the last quarter. FMR LLC boosted its holdings in Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock worth $114,510,000 after acquiring an additional 307,907 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Kratos Defense & Security Solutions by 8.3% in the second quarter. Geode Capital Management LLC now owns 3,949,763 shares of the aerospace company’s stock worth $183,490,000 after acquiring an additional 301,135 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock worth $82,576,000 after acquiring an additional 203,245 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.