Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded 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 research note released on Monday morning.

A number of other equities research analysts also recently commented on KTOS. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $26.00 to $35.00 in a research report on Monday, January 13th. Jefferies Financial Group boosted their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, December 13th. Royal Bank of Canada reduced their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, 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 report on Tuesday, January 14th. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

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Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS traded down $0.74 during mid-day trading on Monday, reaching $30.42. The company's stock had a trading volume of 1,980,413 shares, compared to its average volume of 1,553,384. 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 stock has a market cap of $4.65 billion, a P/E ratio of 304.23 and a beta of 1.12. The firm's fifty day moving average price is $30.06 and its two-hundred day moving average price is $27.58. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month high of $35.66.

Insider Activity

In related news, insider Phillip D. Carrai sold 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares of the company's stock, valued at approximately $6,932,241.39. This trade represents a 7.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric M. Demarco acquired 9,500 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. The trade was a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 100,196 shares of company stock worth $2,903,610 over the last 90 days. Corporate insiders own 2.27% of the company's stock.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after acquiring an additional 701,216 shares during the period. FMR LLC grew its holdings in Kratos Defense & Security Solutions by 7.6% during the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares during the last quarter. Geode Capital Management LLC raised its position in Kratos Defense & Security Solutions by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company's stock worth $82,883,000 after purchasing an additional 29,278 shares during the period. Ameriprise Financial Inc. lifted its stake in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

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.