Robert W. Baird Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target upped by analysts at Robert W. Baird from $35.00 to $40.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s price objective suggests a potential upside of 17.47% from the company’s previous close.

Several other analysts have also issued reports on KTOS. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. 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 report on Monday, November 11th. Jefferies Financial Group raised their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $26.00 to $35.00 in a research report on Monday. Finally, Truist Financial raised their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Up 3.9 %

NASDAQ:KTOS opened at $34.05 on Tuesday. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $34.33. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 340.53 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. The stock’s 50 day moving average price is $27.14 and its two-hundred day moving average price is $24.08.

Insider Buying and Selling

In related news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now directly owns 273,881 shares of the company’s stock, valued at approximately $6,288,307.76. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Iv Mills sold 11,516 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $27.98, for a total transaction of $322,217.68. Following the completion of the sale, the insider now directly owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,928 shares of company stock valued at $2,611,696. Insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KTOS. American Capital Management Inc. raised its holdings in Kratos Defense & Security Solutions by 12.8% in the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock valued at $62,792,000 after acquiring an additional 305,925 shares in the last quarter. Franklin Resources Inc. raised its stake in Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Kratos Defense & Security Solutions during the third quarter worth about $6,310,000. Driehaus Capital Management LLC grew its stake in 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 worth $14,438,000 after buying an additional 245,422 shares in the last quarter. Finally, FMR LLC increased its holdings in Kratos Defense & Security Solutions by 6.1% in the 3rd quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock valued at $93,966,000 after buying an additional 233,051 shares during the period. 75.92% of the stock is owned by institutional investors.

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.