Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective upped by analysts at Truist Financial from $27.00 to $32.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price would suggest a potential downside of 1.93% from the company’s current price.

KTOS has been the subject of a number of other reports. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $35.00 in a report on Monday. JMP Securities increased their price target 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. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.80.

Kratos Defense & Security Solutions Trading Up 5.6 %

Shares of KTOS traded up $1.74 during trading hours on Tuesday, reaching $32.63. The stock had a trading volume of 1,007,539 shares, compared to its average volume of 1,927,067. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 52 week low of $16.71 and a 52 week high of $32.88. The firm has a 50-day moving average of $26.75 and a 200 day moving average of $23.92. The company has a market cap of $4.93 billion, a P/E ratio of 326.33 and a beta of 1.07.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now owns 51,121 shares of the company’s stock, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.01, for a total transaction of $168,070.00. Following the transaction, the insider now directly owns 356,414 shares of the company’s stock, valued at $8,557,500.14. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,928 shares of company stock worth $2,611,696 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the company. American Capital Management Inc. increased its stake in Kratos Defense & Security Solutions by 12.8% in 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 purchasing an additional 305,925 shares in the last quarter. Franklin Resources Inc. increased 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 in the third quarter valued at $6,310,000. Driehaus Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 51.5% in the second quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after purchasing an additional 245,422 shares in the last quarter. Finally, FMR LLC increased its stake in 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 in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.