Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $26.40 Average Target Price from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $26.40.

A number of brokerages have recently issued reports on KTOS. JMP Securities upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. StockNews.com raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and boosted their price target for the company from $24.00 to $26.00 in a report 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 note on Thursday, September 26th. Finally, Robert W. Baird boosted their target price 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.

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 business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the sale, the senior vice president now directly owns 37,327 shares in the company, valued at approximately $1,034,331.17. The trade was a 11.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction of $164,282.64. Following the completion of the transaction, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 21.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,886 shares of company stock worth $2,809,800. 2.27% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently modified their holdings of the company. ORG Partners LLC grew its position in Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after buying an additional 621 shares during the last quarter. BancFirst Trust & Investment Management purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $647,000. JPMorgan Chase & Co. boosted its position in shares of Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock valued at $5,820,000 after purchasing an additional 3,770 shares during the period. Lord Abbett & CO. LLC increased its stake in Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Kratos Defense & Security Solutions by 12.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after buying an additional 304,088 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Up 1.5 %

KTOS stock opened at $29.37 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $26.59 and a 200-day simple moving average of $23.79. The company has a market capitalization of $4.44 billion, a P/E ratio of 293.73 and a beta of 1.07. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $30.39.

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.