Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a report released on Thursday.

Several other brokerages have also recently issued reports on KTOS. Royal Bank of Canada dropped their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Truist Financial lifted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the stock from $26.00 to $35.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $26.27 on Thursday. Kratos Defense & Security Solutions has a 1 year low of $16.78 and a 1 year high of $35.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The firm has a market capitalization of $3.99 billion, a PE ratio of 262.73 and a beta of 1.10. The business has a 50 day simple moving average of $29.85 and a 200-day simple moving average of $26.16.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total value of $105,960.00. Following the sale, the insider now directly owns 103,430 shares in the company, valued at $2,739,860.70. This represents a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,181 shares of company stock worth $2,837,986 over the last three months. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WealthPlan Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC lifted its stake in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares during the last quarter. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth approximately $448,000. Finally, Robertson Stephens Wealth Management LLC grew its holdings in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 16,650 shares in the last quarter. 75.92% of the stock is 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.