Kratos Defense & Security Solutions (NASDAQ:KTOS) Rating Reiterated by Benchmark

Kratos Defense & Security Solutions (NASDAQ:KTOS)‘s stock had its “buy” rating restated by analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They currently have a $25.00 price objective on the aerospace company’s stock. Benchmark’s price objective indicates a potential upside of 24.94% from the stock’s current price.

KTOS has been the topic of several other reports. BTIG Research assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday. They issued a “neutral” rating on the stock. Raymond James raised shares of Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $20.00 to $27.00 in a research note on Friday, April 26th. Jefferies Financial Group lowered their price target on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Finally, JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Kratos Defense & Security Solutions Stock Up 0.2 %

Shares of NASDAQ:KTOS opened at $20.01 on Friday. The firm has a 50 day simple moving average of $20.06 and a 200-day simple moving average of $19.08. Kratos Defense & Security Solutions has a twelve month low of $13.13 and a twelve month high of $22.77. The company has a market capitalization of $3.00 billion, a PE ratio of 77.54 and a beta of 1.05. The company has a current ratio of 3.02, a quick ratio of 2.47 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts predict that Kratos Defense & Security Solutions will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Steven S. Fendley sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $21.09, for a total value of $147,630.00. Following the sale, the insider now directly owns 384,160 shares of the company’s stock, valued at $8,101,934.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 1,720 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total transaction of $37,220.80. Following the transaction, the director now directly owns 3,280 shares of the company’s stock, valued at $70,979.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions 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 directly owns 384,160 shares in the company, valued at $8,101,934.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 159,720 shares of company stock valued at $3,391,521. Insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TFO Wealth Partners LLC lifted its position in Kratos Defense & Security Solutions by 120,800.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after buying an additional 1,208 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $33,000. PNC Financial Services Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 222.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares during the period. EntryPoint Capital LLC increased its stake in shares of Kratos Defense & Security Solutions by 179.1% in the first quarter. EntryPoint Capital LLC now owns 2,347 shares of the aerospace company’s stock worth $43,000 after buying an additional 1,506 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $47,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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.