Truist Financial Issues Positive Forecast for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target lifted by Truist Financial from $27.00 to $32.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the aerospace company’s stock.

A number of other brokerages have also recently commented on KTOS. 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 research note on Friday, December 13th. Robert W. Baird raised their price target on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the company from $26.00 to $35.00 in a report on Monday. Finally, JMP Securities boosted their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.30.

Kratos Defense & Security Solutions Stock Up 6.1 %

Shares of NASDAQ:KTOS opened at $32.76 on Tuesday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 327.63 and a beta of 1.07. The stock’s 50-day moving average price is $26.94 and its 200-day moving average price is $24.01. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions has a 12-month low of $16.71 and a 12-month high of $33.09.

Insider Activity

In related news, VP De Burgreen Maria Cervantes sold 19,528 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $30.00, for a total transaction of $585,840.00. Following the completion of the transaction, the vice president now directly owns 51,121 shares of the company’s stock, valued at $1,533,630. This trade represents a 27.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $28.96, for a total transaction of $115,840.00. Following the completion of the sale, the insider now owns 57,267 shares in the company, valued at approximately $1,658,452.32. This trade represents a 6.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 96,928 shares of company stock worth $2,611,696 in the last quarter. 2.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. American Capital Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 12.8% in the third quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after acquiring an additional 305,925 shares during the last quarter. Franklin Resources Inc. boosted its stake in Kratos Defense & Security Solutions by 12.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock worth $70,951,000 after purchasing an additional 304,088 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Kratos Defense & Security Solutions during the 3rd quarter valued at about $6,310,000. Driehaus Capital Management LLC increased its stake in Kratos Defense & Security Solutions by 51.5% during the 2nd quarter. Driehaus Capital Management LLC now owns 721,543 shares of the aerospace company’s stock valued at $14,438,000 after purchasing an additional 245,422 shares in the last quarter. Finally, FMR LLC raised its holdings in Kratos Defense & Security Solutions by 6.1% in the third quarter. FMR LLC now owns 4,032,888 shares of the aerospace company’s stock worth $93,966,000 after buying an additional 233,051 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.