Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $32.67.

A number of equities analysts have recently issued reports on KTOS shares. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, March 8th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Royal Bank of Canada cut their target price on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Truist Financial increased their target price on 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. Finally, Robert W. Baird increased their target price on 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.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,031 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares of the company’s stock, valued at approximately $2,172,871.68. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric M. Demarco purchased 9,500 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $26.35 per share, with a total value of $250,325.00. Following 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 represents a 0.76 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 110,196 shares of company stock valued at $3,144,160. Corporate insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently made changes to their positions in KTOS. Victory Capital Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 27.0% during the third quarter. Victory Capital Management Inc. now owns 24,021 shares of the aerospace company’s stock worth $560,000 after purchasing an additional 5,101 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 16.7% during the third quarter. Natixis Advisors LLC now owns 17,792 shares of the aerospace company’s stock worth $415,000 after purchasing an additional 2,546 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 12.0% during the third quarter. Pathstone Holdings LLC now owns 81,876 shares of the aerospace company’s stock worth $1,908,000 after purchasing an additional 8,799 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth $826,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,498,849 shares of the aerospace company’s stock worth $34,923,000 after purchasing an additional 35,421 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $30.81 on Monday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 308.13 and a beta of 1.12. The stock has a 50 day simple moving average of $30.45 and a 200-day simple moving average of $27.09. Kratos Defense & Security Solutions has a 12-month low of $17.05 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.

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.