Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rating Upgraded by Guggenheim

Kratos Defense & Security Solutions (NASDAQ:KTOS) was upgraded by research analysts at Guggenheim to a “strong-buy” rating in a research note issued to investors on Monday, Zacks reports.

KTOS has been the subject of a number of other research reports. Truist Financial dropped their target price on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Stifel Nicolaus dropped their price objective on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Jefferies Financial Group set a $105.00 target price on shares of Kratos Defense & Security Solutions in a research report on Wednesday, August 5th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $98.06.

Kratos Defense & Security Solutions Trading Down 0.1%

Shares of NASDAQ KTOS opened at $47.59 on Monday. Kratos Defense & Security Solutions has a 1-year low of $43.09 and a 1-year high of $134.00. The company has a 50-day moving average of $51.79 and a two-hundred day moving average of $61.03. The company has a market cap of $8.93 billion, a PE ratio of 279.94 and a beta of 1.11. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. Kratos Defense & Security Solutions’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. As a group, equities analysts expect that Kratos Defense & Security Solutions will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip Carrai sold 26,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $63.25, for a total transaction of $1,676,125.00. Following the transaction, the insider owned 182,084 shares in the company, valued at approximately $11,516,813. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total value of $635,000.00. Following the transaction, the director owned 65,123 shares of the company’s stock, valued at $4,135,310.50. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 381,688 shares of company stock valued at $23,935,287 over the last quarter. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. New Age Alpha Advisors LLC lifted its position in shares of Kratos Defense & Security Solutions by 435.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock worth $3,265,000 after purchasing an additional 34,973 shares in the last quarter. BNP Paribas Financial Markets grew its position in Kratos Defense & Security Solutions by 245.2% in the fourth quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock valued at $45,673,000 after purchasing an additional 427,396 shares in the last quarter. Paradigm Capital Management Inc. NY bought a new position in Kratos Defense & Security Solutions in the second quarter valued at $34,842,000. Bamco Inc. NY acquired a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at $53,746,000. Finally, Principal Financial Group Inc. increased its stake in Kratos Defense & Security Solutions by 48.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,056,872 shares of the aerospace company’s stock valued at $74,520,000 after buying an additional 342,789 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.