Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Consensus Rating of “Moderate Buy” by Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.40.

Several analysts have issued reports on KTOS shares. Robert W. Baird upped their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial restated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $26.84 on Friday. 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 capitalization of $4.05 billion, a price-to-earnings ratio of 268.43 and a beta of 1.07. The business has a 50 day moving average of $25.46 and a 200 day moving average of $22.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $106,920.00. Following the sale, the insider now directly owns 47,007 shares in the company, valued at $1,256,497.11. This trade represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 6,603 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the transaction, the insider now directly owns 23,848 shares of the company’s stock, valued at approximately $593,338.24. This trade represents a 21.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,620 shares of company stock worth $1,770,970 in the last ninety days. Insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. L & S Advisors Inc bought a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $1,220,000. GSA Capital Partners LLP purchased a new position in Kratos Defense & Security Solutions in the 3rd quarter worth about $607,000. Assenagon Asset Management S.A. raised its stake in shares of Kratos Defense & Security Solutions by 272.8% during the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock valued at $8,655,000 after acquiring an additional 316,500 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 232.9% in the 3rd quarter. Verition Fund Management LLC now owns 58,703 shares of the aerospace company’s stock worth $1,368,000 after buying an additional 41,070 shares during the period. Finally, Toth Financial Advisory Corp purchased a new stake in Kratos Defense & Security Solutions in the third quarter worth about $678,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.