Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Average Rating of “Hold” from Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Rating) has earned an average recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.38.

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $11.50 in a report on Friday, November 4th. The Goldman Sachs Group lowered their target price on shares of Kratos Defense & Security Solutions from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, October 12th. TheStreet lowered shares of Kratos Defense & Security Solutions from a “c-” rating to a “d+” rating in a report on Thursday, October 6th. Noble Financial decreased their price objective on shares of Kratos Defense & Security Solutions to $18.00 in a report on Tuesday, November 15th. Finally, Jefferies Financial Group decreased their price objective on shares of Kratos Defense & Security Solutions from $16.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, October 6th.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock opened at $9.32 on Friday. The firm has a 50-day moving average price of $10.48 and a 200-day moving average price of $12.69. The firm has a market capitalization of $1.17 billion, a PE ratio of -38.83 and a beta of 0.90. The company has a current ratio of 2.82, a quick ratio of 2.25 and a debt-to-equity ratio of 0.31. Kratos Defense & Security Solutions has a 12-month low of $9.06 and a 12-month high of $22.26.

Insider Activity

In other news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $12.99, for a total value of $90,930.00. Following the completion of the sale, the insider now owns 333,302 shares in the company, valued at approximately $4,329,592.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Samuel N. Liberatore sold 8,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $10.56, for a total value of $84,480.00. Following the transaction, the director now owns 1,253 shares of the company’s stock, valued at approximately $13,231.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $12.99, for a total transaction of $90,930.00. Following the completion of the transaction, the insider now directly owns 333,302 shares in the company, valued at approximately $4,329,592.98. The disclosure for this sale can be found here. Company insiders own 2.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Kratos Defense & Security Solutions by 5.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,666,609 shares of the aerospace company’s stock worth $64,773,000 after buying an additional 237,758 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Kratos Defense & Security Solutions by 11.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 154,947 shares of the aerospace company’s stock worth $3,173,000 after purchasing an additional 16,044 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Kratos Defense & Security Solutions by 90.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 85,253 shares of the aerospace company’s stock worth $1,746,000 after purchasing an additional 40,585 shares during the last quarter. Advisors Capital Management LLC grew its position in Kratos Defense & Security Solutions by 2.0% during the 1st quarter. Advisors Capital Management LLC now owns 238,924 shares of the aerospace company’s stock worth $4,893,000 after purchasing an additional 4,696 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its position in Kratos Defense & Security Solutions by 30.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 37,586 shares of the aerospace company’s stock worth $785,000 after purchasing an additional 8,795 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

About Kratos Defense & Security Solutions

(Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

Further Reading

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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