Kratos Defense & Security Solutions’ (KTOS) “Buy” Rating Reiterated at Truist Financial

Truist Financial reissued their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a report issued on Thursday morning, Benzinga reports. Truist Financial currently has a $27.00 price objective on the aerospace company’s stock, up from their prior price objective of $25.00.

Other analysts have also recently issued research reports about the stock. Robert W. Baird boosted their price target on shares of 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. Benchmark reaffirmed a buy rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. BTIG Research began coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a neutral rating for the company. Finally, Royal Bank of Canada lifted their price objective on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $25.00.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $23.29 on Thursday. The stock has a 50-day moving average price of $21.82 and a 200 day moving average price of $20.33. The stock has a market capitalization of $3.50 billion, a P/E ratio of 72.47 and a beta of 1.02. Kratos Defense & Security Solutions has a 12-month low of $14.33 and a 12-month high of $24.08. 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 (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $300.10 million during the quarter, compared to analyst estimates of $276.08 million. During the same period last year, the firm posted $0.05 EPS. The company’s revenue was up 16.8% on a year-over-year basis. Equities research analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the transaction, the senior vice president now owns 63,393 shares in the company, valued at approximately $1,272,297.51. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $22.14, for a total value of $77,490.00. Following the sale, the insider now directly owns 272,570 shares of the company’s stock, valued at approximately $6,034,699.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Marie Mendoza sold 1,355 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total transaction of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares of the company’s stock, valued at approximately $1,272,297.51. The disclosure for this sale can be found here. Insiders have sold a total of 63,210 shares of company stock worth $1,385,072 over the last ninety days. Company insiders own 2.27% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at $8,807,000. Steward Partners Investment Advisory LLC lifted its holdings in Kratos Defense & Security Solutions by 3,867.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,086 shares of the aerospace company’s stock valued at $286,000 after buying an additional 13,731 shares in the last quarter. Stifel Financial Corp boosted its position in Kratos Defense & Security Solutions by 2.9% in the 4th quarter. Stifel Financial Corp now owns 257,433 shares of the aerospace company’s stock valued at $5,223,000 after buying an additional 7,332 shares during the period. TFO Wealth Partners LLC grew its stake in Kratos Defense & Security Solutions by 120,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 1,208 shares in the last quarter. Finally, Waterloo Capital L.P. purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $577,000. 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.