Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Price Target at $32.67

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the ten analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.67.

A number of brokerages have recently weighed in on KTOS. Jefferies Financial Group lifted 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 report on Friday, December 13th. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. Robert W. Baird upped their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Truist Financial raised their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their price target on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a report on Thursday, February 27th.

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Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the sale, the insider now directly owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total transaction of $234,408.18. Following the completion of the transaction, the insider now directly owns 12,215 shares in the company, valued at $331,515.10. This represents a 41.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,196 shares of company stock worth $3,144,160. Insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in KTOS. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after buying an additional 701,216 shares in the last quarter. FMR LLC boosted its position in Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after purchasing an additional 307,907 shares in the last quarter. Geode Capital Management LLC boosted its position in Kratos Defense & Security Solutions by 0.8% during 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. Ameriprise Financial Inc. grew its holdings in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Kratos Defense & Security Solutions by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after acquiring an additional 317,305 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Up 0.2 %

NASDAQ KTOS traded up $0.05 during trading hours on Monday, hitting $31.47. 2,035,284 shares of the company were exchanged, compared to its average volume of 1,482,661. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 314.73 and a beta of 1.12. The company has a 50 day moving average of $30.44 and a two-hundred day moving average of $27.28. Kratos Defense & Security Solutions has a 52-week low of $17.05 and a 52-week high of $35.66.

About Kratos Defense & Security Solutions

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.