Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Average Recommendation of “Moderate Buy” by Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $25.40.

Several research analysts have recently weighed in on KTOS shares. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Truist Financial reaffirmed a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. B. Riley lowered Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. Finally, JMP Securities raised their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th.

Insider Transactions at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco purchased 11,980 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of $20.89 per share, with a total value of $250,262.20. Following the acquisition, the chief executive officer now owns 1,070,244 shares of the company’s stock, valued at $22,357,397.16. This represents a 1.13 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $25.00, for a total transaction of $87,500.00. Following the completion of the transaction, the insider now owns 265,499 shares in the company, valued at approximately $6,637,475. The trade was a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,620 shares of company stock valued at $1,700,220 over the last three months. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares during the period. Arkadios Wealth Advisors boosted its holdings in Kratos Defense & Security Solutions by 0.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock valued at $1,113,000 after purchasing an additional 500 shares during the period. Wealth Quarterback LLC grew its position 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 valued at $326,000 after purchasing an additional 528 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the period. Finally, KBC Group NV increased its holdings in shares of Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 976 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $24.38 on Tuesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $24.07 and its 200 day simple moving average is $22.02. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $28.62. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 243.82 and a beta of 1.02.

Kratos Defense & Security Solutions Company Profile

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.