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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.00.

Several brokerages recently weighed in on KTOS. JMP Securities restated a “market outperform” rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Truist Financial reissued a “buy” rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Finally, Robert W. Baird boosted their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS stock opened at $23.93 on Friday. The company’s 50-day moving average is $23.23 and its 200 day moving average is $21.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 341.86 and a beta of 1.02. Kratos Defense & Security Solutions has a one year low of $16.36 and a one year high of $25.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data 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 net margin of 0.89% and a return on equity of 3.92%. The company had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts expect that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Thomas E. Iv Mills sold 6,603 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $24.88, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at $1,272,297.51. 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 accessible through this link. Also, insider Thomas E. Iv Mills sold 6,603 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total transaction of $164,282.64. Following the sale, the insider now directly owns 23,848 shares in the company, valued at $593,338.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,091 shares of company stock valued at $1,635,431 over the last quarter. Company insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KTOS. Contravisory Investment Management Inc. raised its holdings in Kratos Defense & Security Solutions by 68.7% in the third quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after buying an additional 444 shares during the period. Arkadios Wealth Advisors grew its position in shares of Kratos Defense & Security Solutions by 0.9% during the second quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after buying an additional 500 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 1.6% in the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 982 shares during the period. Rhumbline Advisers boosted its holdings in Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after purchasing an additional 1,092 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Kratos Defense & Security Solutions by 222.5% in the fourth 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 during the last quarter. 75.92% of the stock is currently owned by hedge funds and other 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.