Kratos Defense & Security Solutions’ (KTOS) “Buy” Rating Reaffirmed at Truist Financial

Kratos Defense & Security Solutions (NASDAQ:KTOS)‘s stock had its “buy” rating reaffirmed by Truist Financial in a report issued on Thursday, Benzinga reports. They presently have a $27.00 price objective on the aerospace company’s stock, up from their previous price objective of $25.00. Truist Financial’s price objective points to a potential upside of 15.93% from the stock’s current price.

Several other brokerages also recently commented on KTOS. Royal Bank of Canada upped their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Robert W. Baird lifted their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Finally, BTIG Research began coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $23.29 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The stock’s 50 day simple moving average is $21.77 and its 200 day simple moving average is $20.27. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 72.56 and a beta of 1.02. Kratos Defense & Security Solutions has a 1 year low of $14.33 and a 1 year high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm had revenue of $300.10 million for the quarter, compared to analysts’ expectations of $276.08 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. As a group, analysts predict that Kratos Defense & Security Solutions will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the sale, the insider now directly owns 377,322 shares of the company’s stock, valued at $8,557,662.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $22.68, for a total transaction of $158,760.00. Following the sale, the insider now owns 377,322 shares of the company’s stock, valued at $8,557,662.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total transaction of $77,490.00. Following the transaction, the insider now directly owns 272,570 shares of the company’s stock, valued at approximately $6,034,699.80. The disclosure for this sale can be found here. Insiders sold a total of 69,210 shares of company stock worth $1,505,072 in the last quarter. 2.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 120,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter worth approximately $30,000. NBC Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $33,000. PNC Financial Services Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions in the 2nd quarter worth approximately $36,000. 75.92% of the stock is owned by institutional investors.

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.