Kratos Defense & Security Solutions (NASDAQ:KTOS) Raised to "Hold" at StockNews.com

StockNews.com upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) from a sell rating to a hold rating in a report published on Monday morning.

Several other research firms also recently commented on KTOS. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada reduced their target price on shares of 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. Truist Financial raised their price objective on shares of 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. Finally, JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Four research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $32.67.

Kratos Defense & Security Solutions Stock Down 8.6 %

KTOS traded down $2.63 on Monday, hitting $27.79. 1,272,758 shares of the company were exchanged, compared to its average volume of 1,555,493. The stock's fifty day moving average is $29.98 and its 200-day moving average is $27.60. Kratos Defense & Security Solutions has a 12 month low of $17.05 and a 12 month high of $35.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $4.25 billion, a PE ratio of 277.99 and a beta of 1.12.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, CEO Eric M. Demarco purchased 9,500 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the purchase, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total transaction of $172,130.00. Following the sale, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,196 shares of company stock worth $3,079,290 over the last three months. Corporate insiders own 2.27% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Kratos Defense & Security Solutions by 2.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company's stock valued at $34,923,000 after purchasing an additional 35,421 shares during the period. FMR LLC raised its stake in Kratos Defense & Security Solutions by 6.1% during the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company's stock worth $93,966,000 after buying an additional 233,051 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kratos Defense & Security Solutions by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,584 shares of the aerospace company's stock valued at $783,000 after buying an additional 2,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Kratos Defense & Security Solutions by 8.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 271,051 shares of the aerospace company's stock valued at $6,315,000 after acquiring an additional 20,311 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in Kratos Defense & Security Solutions during the 3rd quarter worth about $6,310,000. 75.92% of the stock is currently owned by 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.