Royal Bank of Canada Lowers Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target to $32.00

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target dropped by research analysts at Royal Bank of Canada from $37.00 to $32.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 21.26% from the company’s previous close.

KTOS has been the topic of a number of other reports. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their price target for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price objective on 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, JPMorgan Chase & Co. lifted their target price on Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $26.39 on Thursday. 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 business has a fifty day moving average of $29.86 and a 200 day moving average of $26.17. Kratos Defense & Security Solutions has a 52-week low of $16.78 and a 52-week high of $35.66. The stock has a market cap of $4.00 billion, a P/E ratio of 263.93 and a beta of 1.10.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $26.73, for a total value of $106,920.00. Following the sale, the insider now directly owns 47,007 shares in the company, valued at approximately $1,256,497.11. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred 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 approximately $9,114,529.40. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 99,181 shares of company stock valued at $2,837,986. Corporate insiders own 2.27% of the company’s stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently bought and sold shares of KTOS. WealthPlan Investment Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at $461,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at about $207,000. Lord Abbett & CO. LLC boosted its holdings in Kratos Defense & Security Solutions by 15.0% in the third quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock worth $15,501,000 after acquiring an additional 86,567 shares in the last quarter. MRA Advisory Group acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth about $448,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after acquiring an additional 16,650 shares during the last quarter. 75.92% of the stock is 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.