Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock Has Consensus Target Price of $92.32

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have received a consensus recommendation of “Moderate Buy” from the twenty-five ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation, twenty have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $89.50.

A number of research analysts have recently commented on KTOS shares. The Goldman Sachs Group reduced their target price on shares of Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Rothschild & Co Redburn started coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, October 6th. They set a “buy” rating and a $70.00 price target for the company. Jefferies Financial Group downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “negative” rating in a research note on Monday, October 19th. Citizens Jmp cut their price objective on shares of Kratos Defense & Security Solutions from $105.00 to $70.00 and set a “market outperform” rating on the stock in a report on Monday, October 19th. Finally, Barclays began coverage on shares of Kratos Defense & Security Solutions in a research report on Friday, October 9th. They issued an “overweight” rating and a $90.00 price objective for the company.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $40.43 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54. Kratos Defense & Security Solutions has a 1 year low of $36.37 and a 1 year high of $134.00. The firm has a market cap of $7.59 billion, a P/E ratio of 80.58 and a beta of 1.11. The stock has a 50-day simple moving average of $46.66 and a 200-day simple moving average of $66.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The firm had revenue of $458.80 million for the quarter, compared to analyst estimates of $410.36 million. During the same period in the previous year, the company posted $0.11 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 30.5% on a year-over-year basis. On average, equities analysts predict that Kratos Defense & Security Solutions will post 0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,500 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $39.86, for a total value of $259,090.00. Following the transaction, the insider owned 169,196 shares in the company, valued at approximately $6,744,152.56. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna H. Lund sold 7,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $48.78, for a total value of $341,460.00. Following the completion of the transaction, the chief financial officer directly owned 273,511 shares of the company’s stock, valued at $13,341,866.58. This represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 375,013 shares of company stock valued at $23,526,932. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Kratos Defense & Security Solutions by 12.2% in the first quarter. Bank of New York Mellon Corp now owns 1,515,997 shares of the aerospace company’s stock valued at $106,893,000 after acquiring an additional 164,607 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kratos Defense & Security Solutions by 48.0% during the 1st quarter. Principal Financial Group Inc. now owns 1,056,872 shares of the aerospace company’s stock valued at $74,520,000 after acquiring an additional 342,789 shares during the last quarter. Bamco Inc. NY acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $53,746,000. American Capital Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter worth $51,338,000. Finally, Sei Investments Co. grew its holdings in Kratos Defense & Security Solutions by 33.1% during the 1st quarter. Sei Investments Co. now owns 570,631 shares of the aerospace company’s stock worth $40,234,000 after acquiring an additional 142,000 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.

Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.