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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has earned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Four equities research 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 12 month target price among analysts that have issued a report on the stock in the last year is $25.00.

Several brokerages recently commented on KTOS. BTIG Research started coverage on shares of Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating on the stock. Royal Bank of Canada upped their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Truist Financial reissued a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd.

Kratos Defense & Security Solutions Price Performance

NASDAQ:KTOS opened at $23.29 on Monday. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 72.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The business has a 50 day simple moving average of $21.82 and a 200-day simple moving average of $20.33. Kratos Defense & Security Solutions has a 1 year low of $14.33 and a 1 year high of $24.08.

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

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.12, for a total transaction of $29,972.60. Following the transaction, the senior vice president now owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.12, for a total transaction of $29,972.60. Following the sale, the senior vice president now owns 61,963 shares of the company’s stock, valued at approximately $1,370,621.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the completion of the transaction, the insider now directly owns 377,322 shares of the company’s stock, valued at $8,557,662.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,210 shares of company stock valued at $1,385,072. 2.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors have recently modified their holdings of KTOS. 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 acquiring an additional 1,208 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $30,000. NBC Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth $33,000. PNC Financial Services Group Inc. increased its position in Kratos Defense & Security Solutions by 222.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after buying an additional 1,226 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Kratos Defense & Security Solutions in the second quarter valued at about $36,000. 75.92% of the stock is currently owned by institutional investors.

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.