Kratos Defense & Security Solutions (NASDAQ:KTOS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a research report released on Wednesday.

A number of other research analysts also recently weighed in on the stock. Robert W. Baird increased their price objective 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. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. JMP Securities upped their target price on shares of 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. Finally, Truist Financial reaffirmed a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.40.

Kratos Defense & Security Solutions Stock Down 1.1 %

Shares of Kratos Defense & Security Solutions stock opened at $26.95 on Wednesday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 269.53 and a beta of 1.02. The company’s 50 day moving average is $24.70 and its 200 day moving average is $22.39. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $28.62. 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 related news, insider Thomas E. Iv Mills sold 6,603 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the completion of the transaction, the insider now owns 23,848 shares in the company, valued at approximately $593,338.24. This represents a 21.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,620 shares of company stock valued at $1,727,730 over the last three months. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 582.3% during the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 920 shares during the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 68.7% during the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 444 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth $30,000. Truvestments Capital LLC bought a new position in shares of Kratos Defense & Security Solutions during the third quarter worth $39,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Kratos Defense & Security Solutions during the second quarter worth $36,000. Institutional investors own 75.92% of the company’s stock.

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.