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

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

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Jefferies Financial Group boosted their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

Kratos Defense & Security Solutions Trading Down 2.5 %

NASDAQ:KTOS opened at $30.68 on Monday. Kratos Defense & Security Solutions has a 1 year low of $17.05 and a 1 year high of $35.66. The stock has a market cap of $4.69 billion, a P/E ratio of 306.83 and a beta of 1.12. 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 stock has a 50-day simple moving average of $30.34 and a 200-day simple moving average of $27.37.

Insider Buying and Selling

In other news, insider Thomas E. Iv Mills sold 8,637 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the sale, the insider now owns 12,215 shares in the company, valued at $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Marie Mendoza sold 2,031 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 17th. The shares were sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares in the company, valued at approximately $2,172,871.68. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,196 shares of company stock valued at $3,144,160 over the last quarter. 2.27% of the stock is currently owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management raised its position in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $39,000. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter worth $53,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth $55,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.