Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $27.00 Price Target at JPMorgan Chase & Co.

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price increased by equities research analysts at JPMorgan Chase & Co. from $24.00 to $27.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 8.17% from the company’s previous close.

A number of other brokerages also recently issued reports on KTOS. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Truist Financial increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group increased their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $24.96 on Thursday. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 249.62 and a beta of 1.10. Kratos Defense & Security Solutions has a 52-week low of $16.78 and a 52-week high of $35.66. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The company’s 50 day moving average is $29.85 and its 200 day moving average is $26.16.

Insider Buying and Selling

In other news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the sale, the senior vice president now owns 60,443 shares in the company, valued at $1,639,214.16. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the transaction, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,181 shares of company stock valued at $2,837,986 over the last quarter. 2.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KTOS. Summit Investment Advisors Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock worth $408,000 after buying an additional 490 shares during the last quarter. MRP Capital Investments LLC boosted its position in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC grew its stake in shares of Kratos Defense & Security Solutions by 3.9% during the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after purchasing an additional 528 shares during the period. Arizona State Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after purchasing an additional 586 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Kratos Defense & Security Solutions by 90.5% in 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. 75.92% of the stock is owned by institutional investors and hedge funds.

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.