Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given an average rating of “Moderate Buy” by the eleven research firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $26.40.

KTOS has been the topic of a number of analyst reports. Truist Financial reissued a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the stock from $24.00 to $26.00 in a research report on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $27.71, for a total transaction of $138,550.00. Following the transaction, the senior vice president now owns 37,327 shares in the company, valued at $1,034,331.17. This trade represents a 11.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total value of $106,920.00. Following the sale, the insider now owns 47,007 shares of the company’s stock, valued at $1,256,497.11. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,620 shares of company stock worth $1,770,970 over the last quarter. 2.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. SG Americas Securities LLC grew its stake in Kratos Defense & Security Solutions by 48.4% during the second quarter. SG Americas Securities LLC now owns 12,913 shares of the aerospace company’s stock worth $258,000 after purchasing an additional 4,210 shares during the period. Assenagon Asset Management S.A. raised its position in Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company’s stock worth $8,655,000 after acquiring an additional 316,500 shares during the period. Raymond James & Associates grew its holdings in Kratos Defense & Security Solutions by 50.8% during the second quarter. Raymond James & Associates now owns 414,051 shares of the aerospace company’s stock valued at $8,285,000 after purchasing an additional 139,539 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in Kratos Defense & Security Solutions by 47.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 21,161 shares of the aerospace company’s stock worth $423,000 after acquiring an additional 6,802 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter worth about $1,681,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Up 1.3 %

Shares of KTOS opened at $26.84 on Friday. The company has a 50-day simple moving average of $25.46 and a 200-day simple moving average of $22.86. 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 52 week low of $16.71 and a 52 week high of $28.62. The firm has a market capitalization of $4.05 billion, a P/E ratio of 268.43 and a beta of 1.07.

About Kratos Defense & Security Solutions

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.