Kratos Defense & Security Solutions (NASDAQ:KTOS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a research note published on Monday.

Several other equities research analysts also recently commented on KTOS. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Jefferies Financial Group lifted 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 research report on Friday, December 13th. Truist Financial boosted their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $29.69 on Monday. 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 moving average price of $30.26 and a 200 day moving average price of $27.51. The stock has a market capitalization of $4.54 billion, a PE ratio of 296.93 and a beta of 1.12. Kratos Defense & Security Solutions has a 52 week low of $17.05 and a 52 week high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value 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. The trade was a 41.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $33.30, for a total transaction of $49,950.00. Following the completion of the sale, the senior vice president now directly owns 61,782 shares of the company’s stock, valued at $2,057,340.60. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,196 shares of company stock worth $2,962,300 over the last quarter. Company insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in KTOS. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 610 shares during the period. Hemington Wealth Management increased its position in shares of 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 purchasing an additional 631 shares during the period. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $55,000. Finally, MRP Capital Investments LLC lifted its position in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.