Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $23.50.

Several research firms have recently weighed in on KTOS. Jefferies Financial Group decreased their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 28th. Benchmark restated a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating for the company. Finally, Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and upped their price objective for the company from $20.00 to $27.00 in a research report on Friday, April 26th.

Kratos Defense & Security Solutions Trading Down 1.5 %

Kratos Defense & Security Solutions stock opened at $20.97 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $20.76 and its two-hundred day simple moving average is $19.14. Kratos Defense & Security Solutions has a 12 month low of $13.42 and a 12 month high of $22.77. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 81.92 and a beta of 1.05.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue was up 19.6% on a year-over-year basis. As a group, equities analysts predict that Kratos Defense & Security Solutions will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 90,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $21.58, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now owns 44,348 shares of the company’s stock, valued at $957,029.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 90,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $21.58, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now owns 44,348 shares of the company’s stock, valued at $957,029.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $21.97, for a total value of $153,790.00. Following the sale, the insider now directly owns 391,160 shares of the company’s stock, valued at approximately $8,593,785.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 175,220 shares of company stock worth $3,734,576. 2.27% of the stock is owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the stock. TFO Wealth Partners LLC boosted its stake in shares of Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 1,226 shares during the period. NBC Securities Inc. bought a new position in shares of Kratos Defense & Security Solutions in the first quarter worth about $33,000. Headlands Technologies LLC bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $47,000. Finally, EntryPoint Capital LLC boosted its stake in shares of Kratos Defense & Security Solutions by 179.1% in the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 1,506 shares during the period. 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.