Kratos Defense & Security Solutions’ (KTOS) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a $27.00 price objective on the aerospace company’s stock.

A number of other equities research analysts have also issued reports on KTOS. Truist Financial restated a buy rating and set a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Robert W. Baird raised their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an outperform rating in a research report 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 research report on Friday, September 13th. BTIG Research assumed coverage on shares of 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 boosted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an outperform rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $25.00.

Kratos Defense & Security Solutions Stock Down 0.6 %

Shares of NASDAQ KTOS opened at $25.18 on Tuesday. The stock has a market cap of $3.80 billion, a PE ratio of 79.19 and a beta of 1.02. 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 has a 12-month low of $14.33 and a 12-month high of $25.51. The company has a 50-day moving average of $22.03 and a 200 day moving average of $20.51.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million during the quarter, compared to analysts’ expectations of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. As a group, sell-side analysts predict 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, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the chief financial officer now owns 279,775 shares in the company, valued at $6,625,072. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Marie Mendoza sold 2,423 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $25.00, for a total value of $60,575.00. Following the sale, the senior vice president now owns 59,453 shares of the company’s stock, valued at $1,486,325. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the transaction, the chief financial officer now owns 279,775 shares of the company’s stock, valued at approximately $6,625,072. The disclosure for this sale can be found here. Insiders have sold a total of 78,633 shares of company stock worth $1,751,317 in the last ninety days. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $46,177,000. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC lifted its stake in Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock worth $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $11,198,000. Finally, Bamco Inc. NY increased its stake in Kratos Defense & Security Solutions by 13.2% in the first quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after purchasing an additional 511,538 shares during the last quarter. 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.