Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective boosted by Truist Financial from $27.00 to $32.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the aerospace company’s stock.

KTOS has been the topic of several other reports. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Monday, November 11th. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $35.00 in a research note on Monday. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. 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 company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Down 1.3 %

Shares of KTOS stock opened at $33.61 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions has a one year low of $16.71 and a one year high of $34.83. The company’s fifty day moving average price is $27.33 and its 200-day moving average price is $24.15. The company has a market capitalization of $5.08 billion, a price-to-earnings ratio of 336.13 and a beta of 1.07.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the sale, the insider now directly owns 356,414 shares of the company’s stock, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 51,121 shares in the company, valued at approximately $1,533,630. This represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,928 shares of company stock valued at $2,611,696. Insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in KTOS. Contravisory Investment Management Inc. raised its position in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Kratos Defense & Security Solutions by 582.3% in the third quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Truvestments Capital LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at $53,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.