Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $40.00 Price Target at Robert W. Baird

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) had its price target upped by research analysts at Robert W. Baird from $35.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the aerospace company's stock. Robert W. Baird's target price would suggest a potential upside of 22.10% from the stock's previous close.

A number of other research firms have also recently commented on KTOS. JMP Securities upped their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a "market outperform" rating in a report on Monday, November 11th. 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 note on Friday, December 13th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $26.00 to $35.00 in a research note on Monday. 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 report on Tuesday. Finally, StockNews.com raised shares of Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.30.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded up $1.87 during mid-day trading on Tuesday, hitting $32.76. 2,901,204 shares of the stock were exchanged, compared to its average volume of 2,193,188. Kratos Defense & Security Solutions has a 52-week low of $16.71 and a 52-week high of $33.09. The company has a market cap of $4.95 billion, a PE ratio of 327.63 and a beta of 1.07. The firm has a 50-day moving average of $26.75 and a two-hundred day moving average of $23.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $24.01, for a total value of $168,070.00. Following the completion of the transaction, the insider now owns 356,414 shares of the company's stock, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the transaction, the senior vice president now owns 55,631 shares of the company's stock, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,928 shares of company stock valued at $2,611,696. Corporate insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $418,000. American Century Companies Inc. grew its holdings in Kratos Defense & Security Solutions by 20.4% in the second quarter. American Century Companies Inc. now owns 290,968 shares of the aerospace company's stock valued at $5,822,000 after purchasing an additional 49,392 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kratos Defense & Security Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company's stock worth $83,855,000 after purchasing an additional 136,696 shares in the last quarter. Waterloo Capital L.P. lifted its holdings in Kratos Defense & Security Solutions by 18.7% in the 2nd quarter. Waterloo Capital L.P. now owns 38,754 shares of the aerospace company's stock valued at $775,000 after purchasing an additional 6,111 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth $469,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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.