Kratos Defense & Security Solutions (NASDAQ:KTOS – Free Report) had its price target reduced by Citizens Jmp from $105.00 to $70.00 in a research note published on Monday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the aerospace company’s stock.
Several other research firms also recently weighed in on KTOS. Barclays assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Friday, October 9th. They issued an “overweight” rating and a $90.00 target price for the company. Wedbush began coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They set an “outperform” rating and a $85.00 price target on the stock. Cantor Fitzgerald cut their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. BTIG Research raised their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, BNP Paribas Exane upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.32.
Read Our Latest Research Report on KTOS
Kratos Defense & Security Solutions Trading Down 0.6%
Shares of Kratos Defense & Security Solutions stock opened at $38.74 on Monday. Kratos Defense & Security Solutions has a 52-week low of $37.84 and a 52-week high of $134.00. The stock’s 50-day simple moving average is $47.81 and its 200 day simple moving average is $53.89. The stock has a market capitalization of $7.27 billion, a P/E ratio of 227.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. The business had revenue of $458.80 million for the quarter, compared to the consensus estimate of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts anticipate that Kratos Defense & Security Solutions will post 0.58 EPS for the current year.
Insider Activity at Kratos Defense & Security Solutions
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 value of $393,120.00. Following the completion of the transaction, the insider owned 288,111 shares in the company, valued at $16,180,313.76. This trade represents a 2.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Deanna Lund sold 7,000 shares of Kratos Defense & Security Solutions 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 transaction, the chief financial officer directly owned 273,511 shares of the company’s stock, 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 a total of 382,013 shares of company stock worth $23,856,842 in the last 90 days. 1.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kratos Defense & Security Solutions
A number of institutional investors and hedge funds have recently modified their holdings of KTOS. Paradigm Capital Management Inc. NY purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth $34,842,000. Bamco Inc. NY bought a new stake in Kratos Defense & Security Solutions during the second quarter valued at $53,746,000. Ausbil Investment Management Ltd grew its position in Kratos Defense & Security Solutions by 623.2% during the third quarter. Ausbil Investment Management Ltd now owns 40,339 shares of the aerospace company’s stock worth $1,722,000 after buying an additional 34,761 shares in the last quarter. Principal Financial Group Inc. grew its position in Kratos Defense & Security Solutions by 48.0% during the first quarter. Principal Financial Group Inc. now owns 1,056,872 shares of the aerospace company’s stock worth $74,520,000 after buying an additional 342,789 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Kratos Defense & Security Solutions by 29.8% during the second quarter. Sequoia Financial Advisors LLC now owns 140,856 shares of the aerospace company’s stock worth $7,023,000 after buying an additional 32,315 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.
About Kratos Defense & Security Solutions
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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