Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Target Price at $27.89

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have earned an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $27.89.

KTOS has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Kratos Defense & Security Solutions in a research note on Thursday, October 21st. They issued an “outperform” rating and a $28.00 price objective for the company. Alembic Global Advisors raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $29.00 price objective for the company in a research note on Thursday, August 5th. Truist reduced their price objective on Kratos Defense & Security Solutions from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, October 15th. Canaccord Genuity cut their price target on Kratos Defense & Security Solutions from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Thursday, November 4th. Finally, Truist Securities cut their price target on Kratos Defense & Security Solutions from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Friday, October 15th.

In related news, CEO Eric M. Demarco sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 21st. The stock was sold at an average price of $22.32, for a total value of $223,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 11,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 21st. The shares were sold at an average price of $22.49, for a total value of $258,635.00. The disclosure for this sale can be found here. Insiders sold a total of 98,984 shares of company stock worth $2,191,703 over the last three months. 1.83% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. ARK Investment Management LLC grew its holdings in Kratos Defense & Security Solutions by 59.2% in the 2nd quarter. ARK Investment Management LLC now owns 8,345,637 shares of the aerospace company’s stock valued at $237,767,000 after buying an additional 3,103,696 shares during the last quarter. State Street Corp grew its holdings in Kratos Defense & Security Solutions by 7.9% in the 2nd quarter. State Street Corp now owns 4,729,324 shares of the aerospace company’s stock valued at $134,738,000 after buying an additional 345,544 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Kratos Defense & Security Solutions by 4.5% during the 3rd quarter. Bamco Inc. NY now owns 4,278,630 shares of the aerospace company’s stock worth $95,456,000 after purchasing an additional 183,291 shares in the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 50.2% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 3,762,940 shares of the aerospace company’s stock worth $82,785,000 after purchasing an additional 1,257,304 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 50.6% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,754,984 shares of the aerospace company’s stock worth $83,774,000 after purchasing an additional 1,261,346 shares in the last quarter. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:KTOS traded up $0.35 during midday trading on Friday, reaching $20.71. The company had a trading volume of 513,960 shares, compared to its average volume of 1,124,312. The company has a fifty day simple moving average of $22.10 and a two-hundred day simple moving average of $24.29. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 33.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.24 and a current ratio of 3.67. Kratos Defense & Security Solutions has a 1-year low of $19.87 and a 1-year high of $34.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, November 3rd. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $200.60 million during the quarter, compared to the consensus estimate of $203.24 million. Kratos Defense & Security Solutions had a return on equity of 1.87% and a net margin of 9.76%. During the same period in the prior year, the business earned $0.11 EPS. Analysts expect that Kratos Defense & Security Solutions will post 0.11 EPS for the current year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.

Featured Story: The limitations of an equal weight rating

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.