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

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) have earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.30.

Several equities research analysts have recently issued reports on the company. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday. JMP Securities lifted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Monday, November 11th. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Jefferies Financial Group lifted their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 13th.

View Our Latest Analysis on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock opened at $32.76 on Wednesday. The stock’s 50-day simple moving average is $26.94 and its 200-day simple moving average is $24.01. Kratos Defense & Security Solutions has a 52 week low of $16.71 and a 52 week high of $33.09. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 327.63 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Insiders Place Their Bets

In other news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. This represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $27.96, for a total value of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,928 shares of company stock valued at $2,611,696 over the last ninety days. 2.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KTOS. American Capital Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 12.8% during the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after buying an additional 305,925 shares during the last quarter. Franklin Resources Inc. grew its stake 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 valued at $70,951,000 after buying an additional 304,088 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $6,310,000. Driehaus Capital Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 51.5% during the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after buying an additional 245,422 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 6.1% in the third 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 during the period. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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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.

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Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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