Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $32.00 Price Target at Royal Bank of Canada

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price objective cut by Royal Bank of Canada from $37.00 to $32.00 in a research note published on Thursday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

KTOS has been the topic of a number of other reports. Truist Financial raised their price target 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. JPMorgan Chase & Co. raised their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Kratos Defense & Security Solutions Trading Up 5.2 %

Shares of KTOS opened at $26.27 on Thursday. Kratos Defense & Security Solutions has a fifty-two week low of $16.78 and a fifty-two week high of $35.66. The company has a market capitalization of $3.99 billion, a PE ratio of 262.73 and a beta of 1.10. The stock has a fifty day moving average of $29.85 and a two-hundred day moving average of $26.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22.

Insider Activity at Kratos Defense & Security Solutions

In other news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $106,920.00. Following the sale, the insider now owns 47,007 shares in the company, valued at $1,256,497.11. This trade represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $26.73, for a total transaction of $160,380.00. Following the completion of the transaction, the chief financial officer now owns 267,708 shares of the company’s stock, valued at $7,155,834.84. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,181 shares of company stock worth $2,837,986. 2.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 920 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Kratos Defense & Security Solutions by 86.6% in the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $39,000. Finally, Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the 4th quarter valued at $53,000. Institutional investors and hedge funds 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.