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

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

A number of analysts have issued reports on the company. JMP Securities assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target for the company. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and lifted their price target for the stock from $20.00 to $27.00 in a report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. JPMorgan Chase & Co. lifted their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, Jefferies Financial Group cut their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, April 10th.

Insider Transactions at Kratos Defense & Security Solutions

In related news, Director Bradley L. Boyd sold 1,720 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $21.64, for a total value of $37,220.80. Following the sale, the director now owns 3,280 shares of the company’s stock, valued at approximately $70,979.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the sale, the senior vice president now directly owns 67,030 shares in the company, valued at approximately $1,218,605.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradley L. Boyd sold 1,720 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $21.64, for a total value of $37,220.80. Following the sale, the director now owns 3,280 shares of the company’s stock, valued at $70,979.20. The disclosure for this sale can be found here. Insiders have sold 159,720 shares of company stock valued at $3,391,521 in the last quarter. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in KTOS. Charles Schwab Investment Management Inc. increased its holdings in Kratos Defense & Security Solutions by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,291,382 shares of the aerospace company’s stock valued at $19,397,000 after purchasing an additional 41,419 shares in the last quarter. HighTower Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 67,899 shares of the aerospace company’s stock valued at $1,017,000 after purchasing an additional 1,202 shares in the last quarter. UBS Group AG increased its holdings in Kratos Defense & Security Solutions by 8.7% in the 3rd quarter. UBS Group AG now owns 168,420 shares of the aerospace company’s stock valued at $2,530,000 after purchasing an additional 13,475 shares in the last quarter. Deutsche Bank AG increased its holdings in Kratos Defense & Security Solutions by 14.9% in the 3rd quarter. Deutsche Bank AG now owns 59,425 shares of the aerospace company’s stock valued at $893,000 after purchasing an additional 7,689 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in Kratos Defense & Security Solutions by 6.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 41,038 shares of the aerospace company’s stock valued at $616,000 after purchasing an additional 2,596 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Down 1.7 %

KTOS opened at $19.81 on Friday. Kratos Defense & Security Solutions has a 52 week low of $13.13 and a 52 week high of $22.77. The business has a fifty day simple moving average of $19.97 and a 200-day simple moving average of $19.09. The firm has a market cap of $2.97 billion, a P/E ratio of 77.54 and a beta of 1.05. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. Kratos Defense & Security Solutions’s revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $0.01 earnings per share. On average, equities analysts expect that Kratos Defense & Security Solutions will post 0.3 earnings per share for the current year.

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.