Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives $26.40 Average Price Target from Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.40.

Several research analysts have recently issued reports on KTOS shares. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. JMP Securities increased their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. B. Riley downgraded Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their price target for the company from $24.00 to $26.00 in a report on Wednesday, October 30th. Truist Financial reiterated a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Finally, Jefferies Financial Group raised their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a report on Friday, December 13th.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $24.96, for a total transaction of $33,820.80. Following the transaction, the senior vice president now owns 58,085 shares in the company, valued at approximately $1,449,801.60. The trade was a 2.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $23.37, for a total value of $163,590.00. Following the completion of the sale, the insider now owns 363,417 shares of the company’s stock, valued at $8,493,055.29. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,781 shares of company stock worth $2,027,665 in the last 90 days. 2.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. grew its holdings in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 920 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at $30,000. Point72 Hong Kong Ltd bought a new stake in Kratos Defense & Security Solutions in the second quarter worth $36,000. Finally, Truvestments Capital LLC purchased a new stake in Kratos Defense & Security Solutions during the third quarter valued at $39,000. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $25.51 on Friday. Kratos Defense & Security Solutions has a 1 year low of $16.71 and a 1 year high of $28.71. The stock has a 50-day moving average price of $25.63 and a 200-day moving average price of $23.02. The firm has a market cap of $3.85 billion, a PE ratio of 255.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.