Kratos Defense & Security Solutions (NASDAQ:KTOS) Raised 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 report released on Wednesday.

KTOS has been the subject of several other research reports. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. B. Riley cut Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and increased their price target for the company from $24.00 to $26.00 in a research note on Wednesday, October 30th. Truist Financial restated a “buy” rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Finally, JMP Securities upped their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $27.09 on Wednesday. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $28.62. 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 stock has a market cap of $4.09 billion, a price-to-earnings ratio of 270.90 and a beta of 1.02. The company has a 50 day simple moving average of $24.86 and a 200 day simple moving average of $22.47.

Insider Buying and Selling

In related news, SVP Marie Mendoza sold 1,355 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares in the company, valued at $1,370,621.56. The trade was a 2.14 % 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 Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $26.51, for a total transaction of $185,570.00. Following the completion of the sale, the insider now owns 349,406 shares of the company’s stock, valued at $9,262,753.06. The trade was a 1.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,620 shares of company stock valued at $1,727,730 over the last 90 days. Company insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares in the last quarter. American International Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 12.0% during the first quarter. American International Group Inc. now owns 71,000 shares of the aerospace company’s stock valued at $1,305,000 after acquiring an additional 7,586 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Kratos Defense & Security Solutions by 8,622.2% during the first quarter. Public Employees Retirement System of Ohio now owns 98,299 shares of the aerospace company’s stock worth $1,807,000 after purchasing an additional 97,172 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter worth approximately $309,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Kratos Defense & Security Solutions by 38.7% in the 1st quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock worth $1,416,000 after purchasing an additional 21,502 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.