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

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other brokerages also recently weighed in on KTOS. Jefferies Financial Group raised their target price on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $26.00 to $35.00 in a report on Monday, January 13th. Truist Financial raised their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.67.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $29.30 on Monday. The firm’s 50 day simple moving average is $30.14 and its 200 day simple moving average is $27.56. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 293.03 and a beta of 1.12. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 1 year low of $17.05 and a 1 year high of $35.66.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the completion of the transaction, the insider now directly owns 293,897 shares in the company, valued at approximately $9,222,487.86. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,196 shares of company stock worth $2,962,300 in the last ninety days. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Kratos Defense & Security Solutions by 202.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 700 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 610 shares during the last quarter. Hemington Wealth Management grew its holdings in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 631 shares during the period. Capital Advisors Ltd. LLC bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $53,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth about $55,000. 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.