Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Expected to Rise, Truist Financial Analyst Says

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

KTOS has been the subject of a number of other research reports. Jefferies Financial Group lifted their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on 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. StockNews.com upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. JMP Securities lifted their price target on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $35.00 in a report on Monday. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.30.

Kratos Defense & Security Solutions Stock Up 3.9 %

KTOS opened at $34.05 on Tuesday. Kratos Defense & Security Solutions has a twelve month low of $16.71 and a twelve month high of $34.33. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 340.53 and a beta of 1.07. The firm’s 50-day simple moving average is $27.14 and its 200-day simple moving average is $24.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,533,630. This represents a 27.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $137,760.00. Following the transaction, the chief financial officer now directly owns 273,881 shares in the company, valued at $6,288,307.76. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,928 shares of company stock valued at $2,611,696. 2.27% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 34.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company’s stock valued at $864,000 after buying an additional 8,447 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 229.4% in the fourth quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock worth $95,000 after acquiring an additional 2,500 shares in the last quarter. MRA Advisory Group bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $448,000. ORG Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 1.9% during the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after purchasing an additional 621 shares during the period. Finally, BancFirst Trust & Investment Management bought a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $647,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.