Brokerages Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $26.40

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.30.

A number of analysts recently issued reports on the company. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird upped their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. JMP Securities upped their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $35.00 in a report on Monday. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Kratos Defense & Security Solutions Stock Up 6.1 %

Shares of NASDAQ KTOS opened at $32.76 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 327.63 and a beta of 1.07. The stock has a 50 day moving average price of $26.94 and a 200 day moving average price of $24.01. Kratos Defense & Security Solutions has a 52-week low of $16.71 and a 52-week high of $33.09.

Insider Activity

In other news, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total transaction of $41,940.00. Following the completion of the sale, the senior vice president now owns 55,631 shares in the company, valued at approximately $1,555,442.76. This represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the transaction, the insider now directly owns 356,414 shares in the company, valued at approximately $8,557,500.14. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,928 shares of company stock worth $2,611,696. Insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently made changes to their positions in the company. Lord Abbett & CO. LLC increased its position in shares of Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after acquiring an additional 86,567 shares during the period. Geode Capital Management LLC increased its position in shares of Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after acquiring an additional 29,278 shares during the period. Barclays PLC increased its position in shares of Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares during the period. MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $448,000. Finally, L & S Advisors Inc acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $1,220,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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.