JPMorgan Chase & Co. Increases Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $33.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective upped by analysts at JPMorgan Chase & Co. from $27.00 to $33.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 7.35% from the company’s current price.

Several other research firms also recently commented on KTOS. Truist Financial upped their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group upped their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS traded down $0.96 during trading hours on Friday, reaching $30.74. 1,216,206 shares of the company were exchanged, compared to its average volume of 1,352,120. The stock has a market capitalization of $4.70 billion, a P/E ratio of 307.43 and a beta of 1.12. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 1 year low of $17.05 and a 1 year high of $35.66. The business’s 50 day simple moving average is $30.43 and its 200-day simple moving average is $26.96.

Insider Activity

In related news, SVP Marie Mendoza sold 2,031 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now directly owns 69,288 shares in the company, valued at $2,172,871.68. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $31.38, for a total value of $188,280.00. Following the completion of the sale, the insider now directly owns 293,897 shares in the company, valued at approximately $9,222,487.86. The trade was a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,196 shares of company stock worth $3,144,160 in the last three months. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management raised its stake in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth about $39,000. Capital Advisors Ltd. LLC bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at approximately $53,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth approximately $55,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.