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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has been given an average rating of “Moderate Buy” by the twenty-three ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $101.3529.

KTOS has been the topic of several recent research reports. Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. BTIG Research dropped their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Citizens Jmp dropped their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,500 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $74.72, for a total value of $485,680.00. Following the transaction, the insider directly owned 227,898 shares of the company’s stock, valued at approximately $17,028,538.56. The trade was a 2.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider directly owned 8,000 shares in the company, valued at $456,480. This represents a 79.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 196,278 shares of company stock worth $12,428,868 in the last ninety days. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $119,000. Pacer Advisors Inc. boosted its position in shares of Kratos Defense & Security Solutions by 26.9% during the 1st quarter. Pacer Advisors Inc. now owns 38,490 shares of the aerospace company’s stock worth $2,714,000 after purchasing an additional 8,163 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 143.3% during the 1st quarter. Parallel Advisors LLC now owns 1,280 shares of the aerospace company’s stock worth $90,000 after purchasing an additional 754 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Kratos Defense & Security Solutions by 35.3% during the 1st quarter. NewEdge Advisors LLC now owns 10,243 shares of the aerospace company’s stock worth $722,000 after purchasing an additional 2,671 shares in the last quarter. Finally, BankChampaign National Association purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $276,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $50.80 on Wednesday. The firm’s fifty day simple moving average is $60.08 and its 200-day simple moving average is $79.19. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 298.82 and a beta of 1.04. Kratos Defense & Security Solutions has a 12 month low of $39.00 and a 12 month high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.12 EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions will post 0.47 earnings per share for the current year.

About Kratos Defense & Security Solutions

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.