Kratos Defense & Security Solutions (NASDAQ:KTOS) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a report published on Tuesday.

Several other equities research analysts have also commented on KTOS. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Royal Bank of Canada reduced their target price on shares of 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. Truist Financial raised their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised their price objective 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. Finally, Robert W. Baird lifted their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $31.71 on Tuesday. The firm’s 50 day moving average is $29.48 and its two-hundred day moving average is $27.94. Kratos Defense & Security Solutions has a 52 week low of $17.05 and a 52 week high of $35.66. The firm has a market capitalization of $4.85 billion, a P/E ratio of 317.13 and a beta of 1.01. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, CFO Deanna H. Lund sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now owns 331,271 shares in the company, valued at approximately $9,699,614.88. This trade represents a 1.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip D. Carrai sold 20,000 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $26.33, for a total transaction of $526,600.00. Following the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. This represents a 7.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,668 shares of company stock worth $2,377,610. 2.27% of the stock is owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock valued at $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management boosted its position in Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock valued at $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions in the fourth quarter valued at about $55,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.