SunTrust Banks, Inc. reaffirmed their hold rating on shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in a report released on Monday. SunTrust Banks, Inc. currently has a $12.00 price objective on the aerospace company’s stock.

KTOS has been the topic of several other reports. BidaskClub raised shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a research note on Thursday, July 13th. Drexel Hamilton started coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They set a buy rating and a $14.00 price objective on the stock. Noble Financial reissued a buy rating on shares of Kratos Defense & Security Solutions in a research report on Monday, August 14th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating in a research report on Thursday, July 20th. Finally, Canaccord Genuity restated a buy rating and issued a $15.00 target price on shares of Kratos Defense & Security Solutions in a research note on Monday, August 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $12.78.

Kratos Defense & Security Solutions (NASDAQ KTOS) opened at 13.33 on Monday. The firm’s market capitalization is $1.16 billion. The company has a 50-day moving average of $12.63 and a 200-day moving average of $10.71. Kratos Defense & Security Solutions has a 52 week low of $5.23 and a 52 week high of $13.93.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. On average, equities analysts forecast that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.

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In related news, CEO Eric M. Demarco purchased 8,905 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $11.19 per share, for a total transaction of $99,646.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. KCG Holdings Inc. raised its stake in shares of Kratos Defense & Security Solutions by 33.9% in the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 3,685 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at approximately $113,000. Principal Financial Group Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $126,000. Creative Planning boosted its position in shares of Kratos Defense & Security Solutions by 31.3% during the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after buying an additional 2,813 shares during the last quarter. Finally, Investment Centers of America Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $161,000. 61.81% of the stock is owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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