Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) has received a consensus rating of “Moderate Buy” from the twenty-four brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, nineteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $92.32.
A number of equities research analysts recently weighed in on KTOS shares. Stifel Nicolaus lowered their target price on shares of Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday. Weiss Ratings cut shares of Kratos Defense & Security Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. Jefferies Financial Group lowered shares of Kratos Defense & Security Solutions from a “buy” rating to a “negative” rating in a report on Monday. Finally, The Goldman Sachs Group lowered their price objective on shares of Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, October 12th.
Read Our Latest Stock Analysis on KTOS
Kratos Defense & Security Solutions Stock Performance
NASDAQ:KTOS opened at $39.17 on Tuesday. The business’s 50-day moving average price is $48.81 and its two-hundred day moving average price is $54.30. Kratos Defense & Security Solutions has a twelve month low of $37.84 and a twelve month high of $134.00. The stock has a market cap of $7.35 billion, a P/E ratio of 230.41 and a beta of 1.11. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The company had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue was up 30.5% on a year-over-year basis. As a group, equities analysts predict that Kratos Defense & Security Solutions will post 0.58 EPS for the current fiscal year.
Insider Buying and Selling
In other Kratos Defense & Security Solutions news, insider Steven Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $56.16, for a total transaction of $393,120.00. Following the sale, the insider owned 288,111 shares in the company, valued at $16,180,313.76. This trade represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna Lund sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $48.78, for a total value of $341,460.00. Following the sale, the chief financial officer owned 273,511 shares in the company, valued at $13,341,866.58. The trade was a 2.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 382,013 shares of company stock valued at $23,856,842 in the last three months. 1.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Kratos Defense & Security Solutions
A number of hedge funds and other institutional investors have recently modified their holdings of KTOS. AdvisorNet Financial Inc lifted its position in Kratos Defense & Security Solutions by 15.8% in the 1st quarter. AdvisorNet Financial Inc now owns 1,392 shares of the aerospace company’s stock worth $98,000 after buying an additional 190 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Kratos Defense & Security Solutions by 3.5% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,035 shares of the aerospace company’s stock valued at $426,000 after acquiring an additional 205 shares during the last quarter. Cornell Pochily Investment Advisors Inc. grew its position in Kratos Defense & Security Solutions by 2.6% during the first quarter. Cornell Pochily Investment Advisors Inc. now owns 9,936 shares of the aerospace company’s stock valued at $701,000 after acquiring an additional 250 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Kratos Defense & Security Solutions by 61.9% during the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 266 shares in the last quarter. Finally, Vision Retirement LLC raised its stake in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 317 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.
Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.
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