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

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) have been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, eighteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $99.4706.

A number of analysts recently weighed in on the stock. Piper Sandler raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a research note on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a report on Tuesday, July 14th. Wedbush initiated coverage on Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $99.00 to $82.00 in a report on Friday, June 12th. Finally, Citigroup restated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, July 28th.

Insider Transactions at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 26,500 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $63.25, for a total value of $1,676,125.00. Following the sale, the insider owned 182,084 shares in the company, valued at approximately $11,516,813. The trade was a 12.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,513 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.37, for a total transaction of $97,391.81. Following the completion of the sale, the senior vice president directly owned 61,976 shares in the company, valued at approximately $3,989,395.12. The trade was a 2.38% 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. Over the last ninety days, insiders sold 428,688 shares of company stock valued at $26,672,182. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC bought a new stake in Kratos Defense & Security Solutions during the second quarter worth about $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares in the last quarter. Vision Retirement LLC grew its position in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 317 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth approximately $31,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Price Performance

KTOS opened at $52.00 on Monday. The company has a market capitalization of $9.76 billion, a P/E ratio of 305.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. The firm’s fifty day moving average price is $52.48 and its two-hundred day moving average price is $65.11. Kratos Defense & Security Solutions has a fifty-two week low of $43.09 and a fifty-two week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $458.80 million during the quarter, compared to analysts’ expectations of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The business’s revenue was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. On average, analysts anticipate that Kratos Defense & Security Solutions will post 0.57 EPS for the current 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.