Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $33.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price lifted by JPMorgan Chase & Co. from $27.00 to $33.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the aerospace company’s stock.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group increased their price objective on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reduced their price objective on Kratos Defense & Security Solutions from $37.00 to $32.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.67.

Kratos Defense & Security Solutions Stock Down 2.8 %

Shares of Kratos Defense & Security Solutions stock opened at $30.81 on Friday. The stock has a market capitalization of $4.71 billion, a P/E ratio of 308.13 and a beta of 1.12. 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 stock has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $27.09. Kratos Defense & Security Solutions has a 12-month low of $17.05 and a 12-month high of $35.66.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $24.59, for a total transaction of $172,130.00. Following the completion of the transaction, the insider now directly owns 370,660 shares in the company, valued at $9,114,529.40. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.38, for a total value of $188,280.00. Following the transaction, the insider now owns 293,897 shares of the company’s stock, valued at $9,222,487.86. This represents a 2.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,196 shares of company stock worth $3,144,160. 2.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Total Wealth Planning & Management Inc. acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $281,000. Neo Ivy Capital Management acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $317,000. Sunbelt Securities Inc. increased its stake in shares of Kratos Defense & Security Solutions by 42.1% in the fourth quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company’s stock valued at $141,000 after buying an additional 1,570 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kratos Defense & Security Solutions by 30.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company’s stock valued at $9,295,000 after buying an additional 81,298 shares in the last quarter. Finally, Washington Harbour Partners LP acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at $2,497,000. 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.