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

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target dropped by analysts at Royal Bank of Canada from $37.00 to $32.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 24.53% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Robert W. Baird lifted their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

Kratos Defense & Security Solutions Stock Up 2.9 %

Shares of Kratos Defense & Security Solutions stock traded up $0.74 during trading hours on Thursday, hitting $25.70. The company had a trading volume of 1,296,445 shares, compared to its average volume of 1,231,662. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company’s 50-day moving average is $29.85 and its two-hundred day moving average is $26.16. The company has a market cap of $3.90 billion, a P/E ratio of 256.21 and a beta of 1.10. Kratos Defense & Security Solutions has a twelve month low of $16.78 and a twelve month high of $35.66.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Thomas E. Iv Mills sold 11,516 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.98, for a total transaction of $322,217.68. Following the transaction, the insider now owns 12,315 shares of the company’s stock, valued at $344,573.70. This represents a 48.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $26.73, for a total transaction of $160,380.00. Following the sale, the chief financial officer now owns 267,708 shares in the company, valued at $7,155,834.84. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,181 shares of company stock worth $2,837,986 over the last ninety days. 2.27% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently made changes to their positions in the stock. WealthPlan Investment Management LLC acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $207,000. Lord Abbett & CO. LLC increased its stake in Kratos Defense & Security Solutions by 15.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 665,285 shares of the aerospace company’s stock valued at $15,501,000 after purchasing an additional 86,567 shares in the last quarter. MRA Advisory Group acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $448,000. Finally, Robertson Stephens Wealth Management LLC boosted its position in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock worth $801,000 after purchasing an additional 16,650 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.