Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $32.67

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.67.

A number of research firms recently issued reports on KTOS. 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 report on Tuesday, January 14th. 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 research note on Friday, December 13th. Royal Bank of Canada dropped their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Truist Financial raised their target price on shares of 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. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th.

Kratos Defense & Security Solutions Stock Down 4.7 %

Shares of KTOS stock opened at $31.42 on Monday. The firm’s fifty day moving average price is $30.44 and its two-hundred day moving average price is $27.28. The company has a current ratio of 3.22, a quick ratio of 2.61 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 firm has a market capitalization of $4.80 billion, a P/E ratio of 314.23 and a beta of 1.12.

Insiders Place Their Bets

In other news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $33.30, for a total transaction of $49,950.00. Following the transaction, the senior vice president now owns 61,782 shares in the company, valued at approximately $2,057,340.60. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now owns 51,121 shares of the company’s stock, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 over the last ninety days. 2.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Summit Investment Advisors Inc. grew 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 valued at $408,000 after acquiring an additional 490 shares in the last quarter. MRP Capital Investments LLC grew its position in shares of Kratos Defense & Security Solutions by 28.6% during 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. Arizona State Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 1.4% during the fourth quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock worth $1,156,000 after purchasing an additional 586 shares during the period. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth 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 in the last quarter. Finally, ORG Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock valued at $870,000 after buying an additional 621 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.