Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Target Price at $26.40

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.40.

Several equities research analysts recently issued reports on KTOS shares. Benchmark reaffirmed a "buy" rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Jefferies Financial Group increased their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday. JMP Securities boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a research report on Monday, November 11th. StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, September 23rd.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Benjamin M. Goodwin sold 5,000 shares of the company's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $27.71, for a total transaction of $138,550.00. Following the completion of the transaction, the senior vice president now owns 37,327 shares in the company, valued at approximately $1,034,331.17. This represents a 11.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $23.37, for a total transaction of $163,590.00. Following the completion of the sale, the insider now 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 71,620 shares of company stock worth $1,770,970. 2.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its position in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company's stock worth $25,000 after acquiring an additional 920 shares during the period. Contravisory Investment Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company's stock worth $25,000 after purchasing an additional 444 shares during the period. MFA Wealth Advisors LLC acquired a new stake in Kratos Defense & Security Solutions in the second quarter worth about $30,000. Truvestments Capital LLC bought a new position in Kratos Defense & Security Solutions in the 3rd quarter valued at about $39,000. Finally, Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at about $36,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Up 1.3 %

Shares of NASDAQ:KTOS traded up $0.34 during mid-day trading on Friday, hitting $26.84. 803,582 shares of the company traded hands, compared to its average volume of 941,990. The firm's 50 day simple moving average is $25.51 and its 200 day simple moving average is $22.90. The firm has a market cap of $4.05 billion, a P/E ratio of 268.40 and a beta of 1.07. 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 52-week low of $16.71 and a 52-week high of $28.62.

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.