Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $32.00 at Truist Financial

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective increased by stock analysts at Truist Financial from $27.00 to $32.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target indicates a potential downside of 6.02% from the company’s previous close.

Several other brokerages have also recently weighed in on KTOS. Jefferies Financial Group raised their price target on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. JMP Securities boosted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $35.00 in a report on Monday. Finally, StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Up 3.9 %

KTOS stock opened at $34.05 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market capitalization of $5.14 billion, a P/E ratio of 340.53 and a beta of 1.07. Kratos Defense & Security Solutions has a fifty-two week low of $16.71 and a fifty-two week high of $34.33. The business has a 50-day moving average of $27.14 and a 200-day moving average of $24.08.

Insiders Place Their Bets

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the completion of the sale, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. The trade was a 27.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $24.01, for a total transaction of $168,070.00. Following the completion of the transaction, the insider now owns 356,414 shares in the company, valued at $8,557,500.14. This trade represents a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,928 shares of company stock valued at $2,611,696 over the last 90 days. 2.27% of the stock is currently owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC increased its holdings in shares of Kratos Defense & Security Solutions by 15.0% during the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after purchasing an additional 86,567 shares during the period. MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions during the fourth quarter worth approximately $448,000. Geode Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock worth $82,883,000 after acquiring an additional 29,278 shares during the period. Barclays PLC raised its holdings in Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares in the last quarter. Finally, L & S Advisors Inc bought a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at $1,220,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

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.