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

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

Several other research analysts have also recently commented on KTOS. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $35.00 in a report on Monday, January 13th. Jefferies Financial Group lifted their price target on Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, December 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 report on Tuesday, January 14th. Finally, JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.67.

Kratos Defense & Security Solutions Stock Down 3.2 %

Shares of KTOS traded down $0.99 during midday trading on Monday, hitting $29.69. The company had a trading volume of 2,767,805 shares, compared to its average volume of 1,544,417. The company’s 50-day simple moving average is $30.26 and its 200-day simple moving average is $27.51. 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. The firm has a market capitalization of $4.54 billion, a P/E ratio of 296.93 and a beta of 1.12.

Insider Activity 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 on Thursday, January 2nd. The shares were sold at an average price of $26.48, for a total value of $158,880.00. Following the transaction, the chief financial officer now directly owns 261,732 shares of the company’s stock, valued at approximately $6,930,663.36. The trade was a 2.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Carter sold 4,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $26.49, for a total transaction of $105,960.00. Following the transaction, the insider now owns 103,430 shares of the company’s stock, valued at approximately $2,739,860.70. The trade was a 3.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,196 shares of company stock worth $2,962,300 in the last quarter. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. WealthPlan Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at about $461,000. Cornell Pochily Investment Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $207,000. Lord Abbett & CO. LLC grew its holdings in Kratos Defense & Security Solutions by 15.0% during 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 during the period. MRA Advisory Group purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 121.3% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after acquiring an additional 16,650 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

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.