Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $103.4118.

KTOS has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price target on shares of Kratos Defense & Security Solutions in a research note on Wednesday. Piper Sandler reduced their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, May 7th. Wedbush initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 target price for the company. Citizens Jmp dropped their price target on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. Finally, Royal Bank Of Canada cut their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider David M. Carter sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total value of $201,800.00. Following the completion of the sale, the insider owned 66,238 shares of the company’s stock, valued at $3,341,707.10. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $57.93, for a total value of $86,895.00. Following the completion of the sale, the senior vice president directly owned 64,447 shares of the company’s stock, valued at $3,733,414.71. This represents a 2.27% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 161,453 shares of company stock valued at $9,466,223 in the last three months. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KTOS. Alliancebernstein L.P. boosted its position in Kratos Defense & Security Solutions by 1,389.0% during the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after purchasing an additional 2,525,921 shares during the period. Corient Private Wealth LLC raised its position in shares of Kratos Defense & Security Solutions by 7,701.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after purchasing an additional 1,573,123 shares during the period. Norges Bank acquired a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $104,807,000. Goldman Sachs Group Inc. lifted its stake in shares of Kratos Defense & Security Solutions by 66.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,525 shares of the aerospace company’s stock worth $106,162,000 after buying an additional 556,036 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 48.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,458,084 shares of the aerospace company’s stock worth $110,683,000 after buying an additional 476,049 shares during the period. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Down 1.4%

NASDAQ KTOS traded down $0.66 on Friday, reaching $48.19. The stock had a trading volume of 2,372,479 shares, compared to its average volume of 5,385,610. The business has a 50 day moving average price of $55.44 and a 200 day moving average price of $76.88. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions has a 1 year low of $46.01 and a 1 year high of $134.00. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 283.47 and a beta of 1.07.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same period in the prior year, the firm posted $0.12 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. On average, analysts forecast that Kratos Defense & Security Solutions will post 0.48 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.