Kratos Defense & Security Solutions (KTOS) Upgraded to “Hold” at BidaskClub

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Several other equities research analysts have also weighed in on the company. ValuEngine raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective for the company in a research note on Saturday, March 3rd. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 21st. Finally, Seaport Global Securities reissued a “buy” rating and set a $14.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, March 8th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $13.50.

KTOS opened at $10.99 on Wednesday. The firm has a market cap of $1.16 billion, a PE ratio of 274.75, a P/E/G ratio of 12.75 and a beta of 1.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.61 and a quick ratio of 2.34. Kratos Defense & Security Solutions has a fifty-two week low of $10.71 and a fifty-two week high of $11.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Thursday, May 10th. The aerospace company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.04. The business had revenue of $143.00 million during the quarter, compared to analyst estimates of $145.26 million. Kratos Defense & Security Solutions had a positive return on equity of 2.21% and a negative net margin of 4.80%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted ($0.01) EPS. equities research analysts forecast that Kratos Defense & Security Solutions will post 0.12 earnings per share for the current fiscal year.

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai bought 4,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was acquired at an average price of $9.45 per share, with a total value of $37,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Zegart acquired 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were purchased at an average price of $10.92 per share, with a total value of $34,998.60. Following the completion of the acquisition, the director now owns 26,100 shares of the company’s stock, valued at approximately $285,012. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 33,565 shares of company stock valued at $357,391. 17.92% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in KTOS. BlackRock Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 21.1% during the fourth quarter. BlackRock Inc. now owns 9,521,059 shares of the aerospace company’s stock worth $100,829,000 after acquiring an additional 1,658,157 shares in the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $8,908,000. Millennium Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 32.9% during the first quarter. Millennium Management LLC now owns 3,346,262 shares of the aerospace company’s stock worth $34,433,000 after acquiring an additional 827,752 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $8,295,000. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Kratos Defense & Security Solutions by 176.0% during the first quarter. Stephens Investment Management Group LLC now owns 1,201,068 shares of the aerospace company’s stock worth $12,359,000 after acquiring an additional 765,837 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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