Analysts Set Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) PT at $30.67

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

A number of research analysts have weighed in on KTOS shares. StockNews.com lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a research report on Monday, January 13th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Royal Bank of Canada dropped their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 27th.

Kratos Defense & Security Solutions Stock Down 1.4 %

KTOS opened at $26.01 on Thursday. The company has a market cap of $3.98 billion, a PE ratio of 260.13 and a beta of 1.10. Kratos Defense & Security Solutions has a 12 month low of $16.78 and a 12 month high of $35.66. 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 company has a 50 day moving average of $29.87 and a 200 day moving average of $26.34.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the sale, the insider now owns 370,660 shares in the company, valued at approximately $9,114,529.40. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.96, for a total value of $41,940.00. Following the completion of the transaction, the senior vice president now owns 55,631 shares in the company, valued at approximately $1,555,442.76. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,181 shares of company stock valued at $2,570,686. 2.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. lifted its position in Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 490 shares in the last quarter. MRP Capital Investments LLC raised its holdings in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 500 shares in the last quarter. Wealth Quarterback LLC raised its stake in Kratos Defense & Security Solutions by 3.9% during the third quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock valued at $326,000 after purchasing an additional 528 shares in the last quarter. Arizona State Retirement System raised its position in shares of Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company’s stock valued at $1,156,000 after buying an additional 586 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.