Robert W. Baird Forecasts Strong Price Appreciation for Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions (NASDAQ:KTOS) had its price target upped by analysts at Robert W. Baird from $35.00 to $40.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the aerospace company’s stock. Robert W. Baird’s price objective points to a potential upside of 22.81% from the company’s previous close.

Several other research analysts also recently commented on KTOS. B. Riley raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $26.00 to $35.00 in a report on Monday. JMP Securities lifted their price target 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. Jefferies Financial Group lifted their price target on shares of 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. Truist Financial upped 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 report on Tuesday. 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. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.30.

Kratos Defense & Security Solutions Stock Up 5.4 %

Kratos Defense & Security Solutions stock traded up $1.68 during midday trading on Tuesday, hitting $32.57. 1,424,422 shares of the stock were exchanged, compared to its average volume of 1,992,536. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 325.73 and a beta of 1.07. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $26.75 and its 200-day moving average price is $23.92. Kratos Defense & Security Solutions has a 52-week low of $16.71 and a 52-week high of $32.88.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on 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 directly owns 57,267 shares of the company’s stock, valued at $1,658,452.32. The trade was a 6.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP De Burgreen Maria Cervantes sold 19,528 shares of the company’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 owns 51,121 shares of the company’s stock, valued at approximately $1,533,630. This represents a 27.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,928 shares of company stock valued at $2,611,696. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KTOS. Contravisory Investment Management Inc. grew its position in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 444 shares during the last quarter. Wealth Quarterback LLC raised its stake in Kratos Defense & Security Solutions by 3.9% in the 3rd quarter. Wealth Quarterback LLC now owns 13,998 shares of the aerospace company’s stock worth $326,000 after acquiring an additional 528 shares during the last quarter. ORG Partners LLC lifted its position in Kratos Defense & Security Solutions by 1.9% during the 4th quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company’s stock worth $870,000 after acquiring an additional 621 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $25,000 after purchasing an additional 920 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Kratos Defense & Security Solutions by 23.7% in the third quarter. KBC Group NV now owns 5,087 shares of the aerospace company’s stock worth $119,000 after purchasing an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

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.