Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $87.94

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have earned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $92.00.

Several brokerages recently weighed in on KTOS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Truist Financial set a $135.00 target price on Kratos Defense & Security Solutions in a research note on Friday, January 9th. B. Riley boosted their price objective on Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $123.30, for a total transaction of $801,450.00. Following the completion of the sale, the insider directly owned 219,741 shares of the company’s stock, valued at $27,094,065.30. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Carter sold 8,123 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $105.40, for a total value of $856,164.20. Following the completion of the transaction, the insider owned 81,816 shares in the company, valued at approximately $8,623,406.40. The trade was a 9.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 911,815 shares of company stock worth $74,226,491. 2.37% of the stock is currently owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. lifted its position in Kratos Defense & Security Solutions by 29.6% in the second quarter. Franklin Resources Inc. now owns 5,086,494 shares of the aerospace company’s stock valued at $236,268,000 after acquiring an additional 1,162,577 shares during the last quarter. ARK Investment Management LLC increased its position in 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 worth $209,382,000 after buying an additional 818,104 shares during the period. Geode Capital Management LLC boosted its holdings in shares of 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 valued at $183,490,000 after acquiring an additional 301,135 shares during the period. First Trust Advisors LP increased its holdings in shares of Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after acquiring an additional 698,778 shares during the period. Finally, Invesco Ltd. boosted its stake in Kratos Defense & Security Solutions by 7.4% during the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after purchasing an additional 209,189 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $128.68 on Friday. The stock’s 50-day moving average price is $84.32 and its 200 day moving average price is $77.10. Kratos Defense & Security Solutions has a 12-month low of $23.90 and a 12-month high of $134.00. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 989.92 and a beta of 1.09. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, sell-side analysts expect that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.