Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a research note released on Wednesday.

A number of other research firms have also recently commented on KTOS. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Royal Bank of Canada dropped their price objective on shares of Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JMP Securities restated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Finally, B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Trading Up 0.9 %

Shares of Kratos Defense & Security Solutions stock opened at $33.27 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 332.73 and a beta of 1.01. Kratos Defense & Security Solutions has a twelve month low of $17.05 and a twelve month high of $35.66. The business has a 50-day moving average price of $29.46 and a 200-day moving average price of $28.18.

Insider Buying and Selling

In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $33.16, for a total value of $232,120.00. Following the sale, the insider now owns 365,461 shares in the company, valued at $12,118,686.76. This represents a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric M. Demarco bought 9,500 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $26.35 per share, with a total value of $250,325.00. Following the completion of the transaction, the chief executive officer now directly owns 1,267,482 shares of the company’s stock, valued at $33,398,150.70. This trade represents a 0.76 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 81,168 shares of company stock worth $2,327,660. 2.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of Kratos Defense & Security Solutions by 239.5% during the third 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 during the last quarter. Geode Capital Management LLC boosted its stake in Kratos Defense & Security Solutions by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,556,544 shares of the aerospace company’s stock valued at $82,883,000 after acquiring an additional 29,278 shares in the last quarter. Tidal Investments LLC increased its position in shares of Kratos Defense & Security Solutions by 27.9% during the third quarter. Tidal Investments LLC now owns 21,258 shares of the aerospace company’s stock worth $495,000 after purchasing an additional 4,638 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after purchasing an additional 86,567 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.