Kratos Defense & Security Solutions (NASDAQ:KTOS) Earns Neutral Rating from Analysts at BTIG Research

BTIG Research began coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage issued a neutral rating on the aerospace company’s stock.

Other analysts have also issued research reports about the company. Raymond James raised Kratos Defense & Security Solutions from an outperform rating to a strong-buy rating and upped their price objective for the stock from $20.00 to $27.00 in a research report on Friday, April 26th. Benchmark reaffirmed a buy rating and set a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, April 25th. Jefferies Financial Group cut their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a hold rating on the stock in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an outperform rating in a research report on Monday, June 3rd. Finally, JMP Securities started coverage on Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They set a market outperform rating and a $27.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $23.50.

Kratos Defense & Security Solutions Stock Up 0.2 %

Shares of NASDAQ KTOS opened at $20.01 on Wednesday. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 77.54 and a beta of 1.05. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions has a 52-week low of $13.13 and a 52-week high of $22.77. The business’s 50 day moving average is $20.06 and its two-hundred day moving average is $19.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $277.20 million for the quarter, compared to analyst estimates of $250.48 million. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share. Research analysts predict that Kratos Defense & Security Solutions will post 0.3 EPS for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $21.97, for a total value of $153,790.00. Following the completion of the transaction, the insider now owns 391,160 shares in the company, valued at $8,593,785.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $21.97, for a total value of $153,790.00. Following the completion of the transaction, the insider now owns 391,160 shares in the company, valued at $8,593,785.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.18, for a total transaction of $27,270.00. Following the completion of the transaction, the senior vice president now owns 67,030 shares of the company’s stock, valued at approximately $1,218,605.40. The disclosure for this sale can be found here. Insiders have sold 159,720 shares of company stock valued at $3,391,521 over the last quarter. 2.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently made changes to their positions in the business. Westwood Holdings Group Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $46,177,000. Virtu Financial LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth about $366,000. Comerica Bank boosted its stake in shares of Kratos Defense & Security Solutions by 627.9% during the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock worth $912,000 after buying an additional 42,817 shares during the period. California State Teachers Retirement System boosted its stake in shares of Kratos Defense & Security Solutions by 7.1% during the first quarter. California State Teachers Retirement System now owns 145,405 shares of the aerospace company’s stock worth $2,673,000 after buying an additional 9,577 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Kratos Defense & Security Solutions by 38.7% during the first quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock worth $1,416,000 after buying an additional 21,502 shares during the period. Institutional investors and hedge funds 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.