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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of analysts have commented on KTOS shares. Truist Financial restated a “buy” rating and set a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They issued a “neutral” rating on the stock. Finally, Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th.

Kratos Defense & Security Solutions Trading Down 1.7 %

Shares of Kratos Defense & Security Solutions stock opened at $24.75 on Monday. The firm has a market capitalization of $3.71 billion, a PE ratio of 72.81 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $22.07 and its 200 day moving average is $20.56. Kratos Defense & Security Solutions has a 1 year low of $14.58 and a 1 year high of $25.51.

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

Insider Activity

In other news, CEO Eric M. Demarco purchased 12,396 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now directly owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Eric M. Demarco purchased 12,396 shares of the stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $20.19 per share, with a total value of $250,275.24. Following the completion of the purchase, the chief executive officer now directly owns 1,058,264 shares of the company’s stock, valued at approximately $21,366,350.16. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the sale, the chief financial officer now directly owns 279,775 shares in the company, valued at $6,625,072. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 78,633 shares of company stock worth $1,751,317 over the last three months. 2.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $107,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $61,000. Northwestern Mutual Wealth Management Co. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $102,000. Creative Planning boosted its stake in Kratos Defense & Security Solutions by 57.6% during the second quarter. Creative Planning now owns 24,540 shares of the aerospace company’s stock worth $491,000 after buying an additional 8,969 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $302,000. Institutional investors and hedge funds 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.