Kratos Defense & Security Solutions (NASDAQ:KTOS) Price Target Raised to $38.00 at Truist Financial

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price raised by Truist Financial from $32.00 to $38.00 in a research report report published on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

KTOS has been the topic of several other reports. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Robert W. Baird increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $35.00 in a report on Monday, January 13th. Four 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.33.

Kratos Defense & Security Solutions Stock Down 0.5 %

NASDAQ:KTOS opened at $33.09 on Thursday. The firm has a market capitalization of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01. Kratos Defense & Security Solutions has a 52 week low of $17.05 and a 52 week 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. The stock has a 50 day moving average of $29.46 and a 200-day moving average of $28.25.

Insider Activity

In related news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares of the company’s stock, valued at $1,639,214.16. This trade represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.88, for a total transaction of $131,520.00. Following the completion of the sale, the insider now owns 106,906 shares in the company, valued at approximately $3,515,069.28. This trade represents a 3.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,168 shares of company stock worth $2,525,600 over the last three months. Corporate insiders own 2.37% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robertson Stephens Wealth Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 27.4% in the first quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company’s stock valued at $1,149,000 after buying an additional 8,319 shares in the last quarter. Bouvel Investment Partners LLC grew its holdings in shares of Kratos Defense & Security Solutions by 2.3% in the 1st quarter. Bouvel Investment Partners LLC now owns 88,616 shares of the aerospace company’s stock worth $2,631,000 after acquiring an additional 2,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $594,000. Salem Investment Counselors Inc. raised its position in shares of Kratos Defense & Security Solutions by 5.6% during the first quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company’s stock worth $266,000 after purchasing an additional 475 shares during the period. Finally, Yousif Capital Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at $1,328,000. 75.92% of the stock is 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.