StockNews.com Upgrades Kratos Defense & Security Solutions (NASDAQ:KTOS) to "Hold"

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Wednesday.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Truist Financial boosted their price objective 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. B. Riley upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and raised their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. Royal Bank of Canada dropped their price target 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. Finally, JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.33.

Kratos Defense & Security Solutions Price Performance

Kratos Defense & Security Solutions stock traded down $0.18 during trading on Wednesday, reaching $33.09. The company had a trading volume of 2,131,494 shares, compared to its average volume of 1,610,590. The firm has a market capitalization of $5.06 billion, a PE ratio of 330.93 and a beta of 1.01. The firm's 50-day simple moving average is $29.48 and its 200 day simple moving average is $28.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions has a 1-year low of $17.05 and a 1-year high of $35.66.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $32.89, for a total value of $197,340.00. Following the transaction, the chief financial officer now directly owns 292,873 shares in the company, valued at $9,632,592.97. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.16, for a total transaction of $232,120.00. Following the completion of the sale, the insider now directly owns 365,461 shares of the company's stock, valued at approximately $12,118,686.76. This trade represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 87,168 shares of company stock worth $2,525,600 in the last three months. 2.37% of the stock is owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the company. Salem Investment Counselors Inc. increased its stake in 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 acquiring an additional 475 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after purchasing an additional 490 shares during the period. MRP Capital Investments LLC increased its position in shares of Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares during the last quarter. Arizona State Retirement System increased its position in shares of Kratos Defense & Security Solutions by 1.4% during the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock worth $1,156,000 after purchasing an additional 586 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

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.