Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $33.33.

KTOS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 17th.

Insider Activity

In other news, insider Phillip D. Carrai sold 6,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total transaction of $197,940.00. Following the transaction, the insider now directly owns 288,048 shares in the company, valued at $9,502,703.52. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the transaction, the insider now owns 365,461 shares in the company, valued at approximately $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,168 shares of company stock worth $2,525,600 in the last ninety days. Corporate insiders own 2.37% of the company's stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently bought and sold shares of KTOS. Barclays PLC boosted its holdings in Kratos Defense & Security Solutions by 239.5% in 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 in the last quarter. Geode Capital Management LLC boosted its holdings 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. Tidal Investments LLC boosted its holdings 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 worth $495,000 after purchasing an additional 4,638 shares in the last quarter. Franklin Resources Inc. boosted its holdings 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 worth $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company's stock worth $15,501,000 after purchasing an additional 86,567 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock traded up $1.07 during trading on Friday, hitting $33.19. 117,879 shares of the stock were exchanged, compared to its average volume of 1,607,697. The stock's fifty day moving average is $29.57 and its 200 day moving average is $28.42. The stock has a market cap of $5.07 billion, a PE ratio of 331.93 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions has a 12 month low of $17.05 and a 12 month high of $35.66.

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.