Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $125.00 at Citizens Jmp

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price hoisted by equities research analysts at Citizens Jmp from $105.00 to $125.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the aerospace company’s stock. Citizens Jmp’s price target indicates a potential upside of 9.94% from the stock’s previous close.

A number of other research firms also recently weighed in on KTOS. Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, October 8th. Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Monday. B. Riley increased their price target on shares of Kratos Defense & Security Solutions from $105.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, KeyCorp assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Thursday, December 18th. They issued an “overweight” rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $86.72.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $113.70 on Monday. The firm’s 50 day moving average is $78.14 and its 200 day moving average is $73.12. The stock has a market capitalization of $19.20 billion, a P/E ratio of 874.68 and a beta of 1.09. Kratos Defense & Security Solutions has a 12 month low of $23.90 and a 12 month high of $115.45. 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 released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Kratos Defense & Security Solutions had a net margin of 1.56% and a return on equity of 3.14%. The business had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. During the same period in the previous year, the business earned $0.11 EPS. Kratos Defense & Security Solutions’s revenue was up 26.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 8,123 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 8,523 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $92.98, for a total value of $792,468.54. Following the transaction, the insider directly owned 9,802 shares of the company’s stock, valued at $911,389.96. The trade was a 46.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 885,511 shares of company stock worth $70,988,315. 2.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of KTOS. Bayforest Capital Ltd bought a new position in shares of Kratos Defense & Security Solutions in the third quarter worth about $32,000. Caitlin John LLC purchased a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. Whittier Trust Co. purchased a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at about $38,000. Accredited Wealth Management LLC grew its stake in Kratos Defense & Security Solutions by 193.5% in the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 269 shares in the last quarter. Finally, CI Investments Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 142.7% in the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 254 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

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.