Royal Bank of Canada Cuts Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target trimmed by Royal Bank of Canada from $37.00 to $32.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the aerospace company’s stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Truist Financial increased their price target on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $26.39 on Thursday. The company has a market capitalization of $4.00 billion, a PE ratio of 263.93 and a beta of 1.10. The company has a 50 day simple moving average of $29.87 and a two-hundred day simple moving average of $26.21. 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 fifty-two week low of $16.78 and a fifty-two week high of $35.66.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 11,516 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the transaction, the insider now directly owns 12,315 shares in the company, valued at approximately $344,573.70. This trade represents a 48.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock worth $2,837,986 in the last ninety days. Corporate insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company’s stock valued at $388,301,000 after purchasing an additional 701,216 shares during the last quarter. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company’s stock valued at $114,510,000 after purchasing an additional 307,907 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $82,883,000 after purchasing an additional 29,278 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company’s stock valued at $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Kratos Defense & Security Solutions by 11.3% during the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company’s stock valued at $82,204,000 after purchasing an additional 317,305 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.