Kratos Defense & Security Solutions (NASDAQ:KTOS) Given New $40.00 Price Target at Robert W. Baird

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its target price boosted by Robert W. Baird from $35.00 to $40.00 in a research report released on Tuesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the company. JMP Securities raised their target price on Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $35.00 in a research report on Monday. Jefferies Financial Group upped their target price on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $28.30.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $32.76 on Tuesday. The firm has a 50 day simple moving average of $26.94 and a 200-day simple moving average of $24.01. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 327.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions has a 1-year low of $16.71 and a 1-year high of $33.09.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, VP De Burgreen Maria Cervantes sold 19,528 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $30.00, for a total value of $585,840.00. Following the sale, the vice president now directly owns 51,121 shares in the company, valued at $1,533,630. This trade represents a 27.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $22.96, for a total value of $91,840.00. Following the transaction, the insider now directly owns 51,063 shares of the company’s stock, valued at approximately $1,172,406.48. This represents a 7.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 96,928 shares of company stock valued at $2,611,696 in the last three months. 2.27% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth approximately $418,000. American Century Companies Inc. increased its stake in Kratos Defense & Security Solutions by 20.4% in the second quarter. American Century Companies Inc. now owns 290,968 shares of the aerospace company’s stock valued at $5,822,000 after purchasing an additional 49,392 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kratos Defense & Security Solutions by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock valued at $83,855,000 after buying an additional 136,696 shares during the last quarter. Waterloo Capital L.P. boosted its stake in shares of Kratos Defense & Security Solutions by 18.7% during the second quarter. Waterloo Capital L.P. now owns 38,754 shares of the aerospace company’s stock worth $775,000 after buying an additional 6,111 shares during the period. Finally, Seven Eight Capital LP purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $469,000. Institutional investors and hedge funds 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.