Kratos Defense & Security Solutions (NASDAQ:KTOS) Cut to Neutral at B. Riley

Kratos Defense & Security Solutions (NASDAQ:KTOS) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $26.00 target price on the aerospace company’s stock, up from their previous target price of $24.00. B. Riley’s target price indicates a potential upside of 14.44% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on KTOS. Truist Financial reiterated a “buy” rating and set a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Robert W. Baird increased their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $25.10.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $22.72 on Wednesday. The stock has a market cap of $3.43 billion, a PE ratio of 324.57 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions has a twelve month low of $16.36 and a twelve month high of $25.91. The stock has a fifty day simple moving average of $23.46 and a 200-day simple moving average of $21.42.

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

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the sale, the insider now owns 23,848 shares of the company’s stock, valued at $593,338.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $24.01, for a total value of $168,070.00. Following the transaction, the insider now owns 356,414 shares in the company, valued at approximately $8,557,500.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total value of $164,282.64. Following the completion of the transaction, the insider now owns 23,848 shares in the company, valued at approximately $593,338.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,091 shares of company stock valued at $1,509,501 in the last quarter. Corporate insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KTOS. Contravisory Investment Management Inc. grew its stake in Kratos Defense & Security Solutions by 68.7% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock worth $25,000 after buying an additional 444 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock worth $25,000 after buying an additional 920 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $30,000. PNC Financial Services Group Inc. grew its stake 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 worth $36,000 after buying an additional 1,226 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $36,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.