Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $25.40 Average Price Target from Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Five research 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 12 month target price among brokerages that have issued a report on the stock in the last year is $25.40.

A number of research firms recently commented on KTOS. Benchmark reiterated a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. B. Riley downgraded shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $26.00 in a research note on Wednesday, October 30th. Robert W. Baird boosted their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. JMP Securities raised their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Finally, Truist Financial reiterated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $26.23 on Tuesday. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $28.62. The company has a market cap of $3.96 billion, a PE ratio of 252.23 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The business has a 50-day simple moving average of $24.28 and a two-hundred day simple moving average of $22.14.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.58, for a total transaction of $158,060.00. Following the sale, the insider now directly owns 370,389 shares in the company, valued at $8,363,383.62. This trade represents a 1.85 % 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, SVP Marie Mendoza sold 1,355 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $22.12, for a total value of $29,972.60. Following the completion of the transaction, the senior vice president now directly owns 61,963 shares of the company’s stock, valued at $1,370,621.56. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,620 shares of company stock worth $1,700,220. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Westwood Holdings Group Inc. acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter worth $46,177,000. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Hood River Capital Management LLC increased its position in Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Bamco Inc. NY increased its position in Kratos Defense & Security Solutions by 13.2% during the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Finally, Archon Capital Management LLC raised its stake in Kratos Defense & Security Solutions by 1,102.5% during the first quarter. Archon Capital Management LLC now owns 450,487 shares of the aerospace company’s stock worth $8,280,000 after purchasing an additional 413,026 shares during the period. Hedge funds and other institutional investors 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.