Truist Financial Raises Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $38.00

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its target price boosted by equities research analysts at Truist Financial from $32.00 to $38.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the aerospace company's stock. Truist Financial's target price suggests a potential upside of 18.31% from the company's current price.

Other analysts have also issued research reports about the stock. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Royal Bank of Canada cut their price objective 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. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded up $0.20 during mid-day trading on Thursday, reaching $32.12. 1,706,873 shares of the company traded hands, compared to its average volume of 1,610,172. Kratos Defense & Security Solutions has a 52-week low of $17.05 and a 52-week high of $35.66. The company has a market capitalization of $4.91 billion, a P/E ratio of 321.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a fifty day moving average price of $29.50 and a 200-day moving average price of $28.40.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the transaction, the insider now directly owns 12,215 shares of the company's stock, valued at $331,515.10. The trade was a 41.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven S. Fendley sold 7,000 shares of the 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 sale, the insider now directly owns 365,461 shares of the company's stock, valued at $12,118,686.76. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock worth $2,525,600 over the last three months. Company 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 made changes to their positions in KTOS. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after purchasing an additional 701,216 shares during the period. FMR LLC raised its stake in Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after buying 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 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock valued at $82,883,000 after acquiring an additional 29,278 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after acquiring an additional 203,245 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after purchasing an additional 317,305 shares during the period. 75.92% of the stock is currently owned by institutional investors.

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.