Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $32.67 Consensus PT from Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $32.67.

KTOS has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the sale, the insider now owns 263,283 shares in the company, valued at approximately $6,932,241.39. This represents a 7.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.49, for a total value of $105,960.00. Following the completion of the sale, the insider now directly owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. This trade represents a 3.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,196 shares of company stock valued at $3,144,160 over the last quarter. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently made changes to their positions in KTOS. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $207,000. Lord Abbett & CO. LLC lifted its position 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 valued at $15,501,000 after acquiring an additional 86,567 shares in the last quarter. MRA Advisory Group acquired a new position in Kratos Defense & Security Solutions in the 4th quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC increased its holdings in Kratos Defense & Security Solutions by 121.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $31.42 on Monday. The firm has a market capitalization of $4.80 billion, a PE ratio of 314.23 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 1 year low of $17.05 and a 1 year high of $35.66. The firm’s fifty day simple moving average is $30.44 and its 200 day simple moving average is $27.28.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.