Kratos Defense & Security Solutions (NASDAQ:KTOS) Now Covered by BTIG Research

Stock analysts at BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating on the aerospace company’s stock.

KTOS has been the topic of a number of other research reports. Royal Bank of Canada upped their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. JMP Securities assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of 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 reissued a “buy” rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Finally, Jefferies Financial Group decreased their target price on shares of 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. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS opened at $19.97 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 company has a market cap of $3.00 billion, a price-to-earnings ratio of 77.54 and a beta of 1.05. Kratos Defense & Security Solutions has a 12 month low of $13.13 and a 12 month high of $22.77. The company has a 50-day moving average price of $20.02 and a 200-day moving average price of $19.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data 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 business had revenue of $277.20 million during the quarter, compared to analysts’ expectations of $250.48 million. During the same quarter last year, the business posted $0.01 EPS. The business’s revenue was up 19.6% on a year-over-year basis. As a group, equities analysts anticipate that Kratos Defense & Security Solutions will post 0.3 EPS for the current year.

Insiders Place Their Bets

In other news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $21.09, for a total transaction of $147,630.00. Following the transaction, the insider now directly owns 384,160 shares of the company’s stock, valued at $8,101,934.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $21.09, for a total transaction of $147,630.00. Following the transaction, the insider now owns 384,160 shares in the company, valued at $8,101,934.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jonah Adelman sold 90,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on 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 directly owns 44,348 shares of the company’s stock, valued at approximately $957,029.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 159,720 shares of company stock valued at $3,391,521. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KTOS. Westwood Holdings Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter worth approximately $46,177,000. Virtu Financial LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 1st quarter worth $366,000. Comerica Bank grew its position in shares of Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after acquiring an additional 42,817 shares during the period. California State Teachers Retirement System increased its stake in shares of Kratos Defense & Security Solutions by 7.1% in the 1st quarter. California State Teachers Retirement System now owns 145,405 shares of the aerospace company’s stock worth $2,673,000 after purchasing an additional 9,577 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Kratos Defense & Security Solutions by 38.7% in the 1st quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock worth $1,416,000 after purchasing an additional 21,502 shares in the last quarter. Institutional investors 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.