Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $25.00 Average Price Target from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

Several equities research analysts have recently weighed in on KTOS shares. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a "neutral" rating on the stock. Benchmark reissued a "buy" rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Royal Bank of Canada increased their target price on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Monday, June 3rd. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Finally, Truist Financial reaffirmed a "buy" rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $23.29 on Monday. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 72.78 and a beta of 1.02. The firm's fifty day moving average is $21.82 and its 200 day moving average is $20.33. The company has a quick ratio of 2.56, a current ratio of 3.13 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions has a 52-week low of $14.33 and a 52-week high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business's revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the transaction, the senior vice president now directly owns 63,393 shares in the company, valued at approximately $1,272,297.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Phillip D. Carrai sold 3,500 shares of the firm's stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $21.26, for a total value of $74,410.00. Following the sale, the insider now directly owns 279,575 shares in the company, valued at approximately $5,943,764.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,355 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The disclosure for this sale can be found here. Insiders have sold a total of 63,210 shares of company stock worth $1,385,072 in the last three months. Corporate insiders own 2.27% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $46,177,000. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock valued at $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company's stock valued at $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter valued at approximately $11,198,000. Finally, Bamco Inc. NY raised its position in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company's stock valued at $80,396,000 after purchasing an additional 511,538 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.