Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $35.00 at Robert W. Baird

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective lifted by Robert W. Baird from $22.00 to $35.00 in a research report released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a neutral rating in a research report on Tuesday, May 28th. Royal Bank of Canada upped their price objective 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. JMP Securities started coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a market outperform rating and a $27.00 target price for the company. Benchmark reaffirmed a buy rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a neutral rating for the company. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $24.78.

Kratos Defense & Security Solutions Trading Down 0.7 %

Kratos Defense & Security Solutions stock opened at $23.06 on Monday. The stock has a market cap of $3.46 billion, a PE ratio of 71.59 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $21.73 and a 200 day moving average price of $20.25. Kratos Defense & Security Solutions has a 52 week low of $14.16 and a 52 week high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $276.08 million. During the same quarter in the previous year, the business posted $0.05 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Equities research analysts predict that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares of the company’s stock, valued at $1,272,297.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 of the company’s stock, valued at approximately $1,272,297.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the transaction, the chief financial officer now owns 298,016 shares of the company’s stock, valued at approximately $5,960,320. The disclosure for this sale can be found here. Insiders have sold 69,210 shares of company stock valued at $1,505,072 over the last three months. 2.27% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the business. TFO Wealth Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $30,000. PNC Financial Services Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 222.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $36,000. Finally, NBC Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth approximately $33,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.