Robert W. Baird Boosts Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $40.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price raised by Robert W. Baird from $35.00 to $40.00 in a report published on Tuesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.

Several other research firms have also recently issued reports on KTOS. Truist Financial increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Jefferies Financial Group lifted 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. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $35.00 in a research report on Monday. Finally, JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $32.76 on Tuesday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 327.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $33.09. The company’s fifty day moving average is $26.94 and its two-hundred day moving average is $24.01.

Insider Activity

In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $24.01, for a total value of $168,070.00. Following the sale, the insider now directly owns 356,414 shares of the company’s stock, valued at approximately $8,557,500.14. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total transaction of $585,840.00. Following the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. The trade was a 27.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,928 shares of company stock worth $2,611,696 over the last 90 days. 2.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Kratos Defense & Security Solutions by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after acquiring an additional 136,696 shares in the last quarter. FMR LLC lifted its holdings in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after purchasing an additional 233,051 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 12.2% during the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after buying an additional 304,088 shares in the last quarter. Finally, Hood River Capital Management LLC raised its position in shares of Kratos Defense & Security Solutions by 5.5% in the second quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after buying an additional 139,853 shares during 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 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.