Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price target upped by stock analysts at Truist Financial from $27.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's price target points to a potential downside of 2.32% from the stock's previous close.

Several other brokerages have also commented on KTOS. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and upped their price target for the stock from $26.00 to $35.00 in a research note on Monday. Jefferies Financial Group lifted their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, December 13th. JMP Securities boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a "market outperform" rating in a report on Monday, November 11th. Finally, Robert W. Baird raised their target price 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. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $28.30.

Kratos Defense & Security Solutions Trading Up 6.1 %

KTOS traded up $1.87 on Tuesday, hitting $32.76. The company had a trading volume of 2,901,204 shares, compared to its average volume of 2,193,188. The company's fifty day moving average price is $26.75 and its 200 day moving average price is $23.92. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $33.09. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The firm has a market cap of $4.95 billion, a P/E ratio of 327.63 and a beta of 1.07.

Insider Activity at Kratos Defense & Security Solutions

In other news, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $22.96, for a total value of $137,760.00. Following the completion of the transaction, the chief financial officer now owns 273,881 shares in the company, valued at approximately $6,288,307.76. This represents a 2.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the completion of the transaction, the insider now directly owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,928 shares of company stock valued at $2,611,696 over the last 90 days. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of KTOS. Contravisory Investment Management Inc. boosted its position in shares of Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company's stock valued at $95,000 after purchasing an additional 2,500 shares during the period. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions during the 4th quarter worth $448,000. ORG Partners LLC increased its stake in Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after purchasing an additional 621 shares during the period. BancFirst Trust & Investment Management acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $647,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kratos Defense & Security Solutions by 1.5% during the third quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company's stock worth $5,820,000 after buying an additional 3,770 shares during the last quarter. 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.