JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective hoisted by JPMorgan Chase & Co. from $27.00 to $33.00 in a research note released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the aerospace company’s stock.

KTOS has been the topic of several other research reports. Jefferies Financial Group raised their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reduced their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $30.81 on Friday. The business’s 50-day simple moving average is $30.45 and its 200 day simple moving average is $27.09. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month 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.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Thomas E. Iv Mills sold 8,637 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the sale, the insider now owns 12,215 shares of the company’s stock, valued at $331,515.10. This trade represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on 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. This represents a 2.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,196 shares of company stock valued at $3,144,160 over the last 90 days. 2.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in Kratos Defense & Security Solutions by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after buying an additional 490 shares during the last quarter. MRP Capital Investments LLC raised 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 valued at $59,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System raised its position in Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after buying an additional 586 shares during the last quarter. Jones Financial Companies Lllp raised its position in 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 buying an additional 610 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.