Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Lowered to $32.00 at Royal Bank of Canada

Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) had its price target lowered by Royal Bank of Canada from $37.00 to $32.00 in a report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the aerospace company's stock.

Several other equities research analysts also recently weighed in on the company. Truist Financial increased their price target 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. JPMorgan Chase & Co. raised their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Thursday. StockNews.com upgraded Kratos Defense & Security Solutions from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Jefferies Financial Group upped their price objective on 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. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.00.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock traded down $0.38 during trading hours on Thursday, hitting $26.01. The company's stock had a trading volume of 2,344,092 shares, compared to its average volume of 1,235,546. The stock has a market cap of $3.98 billion, a PE ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions has a 12-month low of $16.78 and a 12-month high of $35.66. The company has a 50 day moving average of $29.87 and a 200 day moving average of $26.30. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the sale, the insider now owns 370,660 shares of the company's stock, valued at approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.96, for a total transaction of $41,940.00. Following the transaction, the senior vice president now directly owns 55,631 shares in the company, valued at approximately $1,555,442.76. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,181 shares of company stock valued at $2,570,686 in the last three months. 2.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of the company. Total Wealth Planning & Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth approximately $281,000. Neo Ivy Capital Management purchased a new position in Kratos Defense & Security Solutions in the 4th quarter valued at $317,000. Sunbelt Securities Inc. boosted its stake in Kratos Defense & Security Solutions by 42.1% during the 4th quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company's stock worth $141,000 after purchasing an additional 1,570 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kratos Defense & Security Solutions by 30.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company's stock worth $9,295,000 after buying an additional 81,298 shares in the last quarter. Finally, Washington Harbour Partners LP purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $2,497,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

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.