Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective raised by Jefferies Financial Group from $25.00 to $30.00 in a research report sent to investors on Friday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the aerospace company’s stock.

A number of other analysts have also issued reports on KTOS. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and raised their target price for the stock from $24.00 to $26.00 in a report on Wednesday, October 30th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Truist Financial reiterated 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 increased 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 report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.40.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $26.84 on Friday. The firm has a fifty day simple moving average of $25.51 and a 200-day simple moving average of $22.91. The company has a market capitalization of $4.05 billion, a PE ratio of 268.40 and a beta of 1.07. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $28.62. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the completion of the sale, the chief financial officer now owns 279,775 shares in the company, valued at $6,625,072. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $23.37, for a total value of $163,590.00. Following the completion of the transaction, the insider now directly owns 363,417 shares in the company, valued at approximately $8,493,055.29. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,765 shares of company stock valued at $1,663,507. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its stake in Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after buying an additional 86,567 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of 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 valued at $70,951,000 after acquiring an additional 304,088 shares in the last quarter. Tidal Investments LLC increased its stake in Kratos Defense & Security Solutions by 27.9% in the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock valued at $495,000 after acquiring an additional 4,638 shares during the period. Geode Capital Management LLC raised its position in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after purchasing an additional 29,278 shares in the last quarter. Finally, Barclays PLC lifted its stake in Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock worth $6,363,000 after purchasing an additional 192,667 shares during the period. Institutional investors and hedge funds 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.