Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded at BidaskClub

BidaskClub upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a sell rating to a hold rating in a research report sent to investors on Friday, BidAskClub reports.

KTOS has been the subject of several other reports. Robert W. Baird restated an outperform rating and set a $25.00 target price (up from $19.00) on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. Noble Financial lowered shares of Kratos Defense & Security Solutions from an outperform rating to a market perform rating and set a $22.35 price target for the company. in a research report on Wednesday, June 5th. Canaccord Genuity set a $28.00 price target on shares of Kratos Defense & Security Solutions and gave the stock a buy rating in a research report on Friday, August 16th. Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $26.00 price target for the company in a research report on Wednesday, July 3rd. Finally, Citigroup lowered shares of Kratos Defense & Security Solutions from an outperform rating to a market perform rating in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $23.67.

Shares of NASDAQ KTOS opened at $20.58 on Friday. The firm has a 50 day moving average of $19.58 and a 200 day moving average of $19.47. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 79.46, a price-to-earnings-growth ratio of 11.98 and a beta of 1.33. Kratos Defense & Security Solutions has a 12-month low of $11.91 and a 12-month high of $25.08.



Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $187.90 million during the quarter, compared to analyst estimates of $178.72 million. Kratos Defense & Security Solutions had a net margin of 1.99% and a return on equity of 4.63%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 earnings per share. Sell-side analysts predict that Kratos Defense & Security Solutions will post 0.23 EPS for the current year.

In related news, Director Bandel L. Carano sold 500,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $19.18, for a total transaction of $9,590,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Steven S. Fendley sold 30,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $19.07, for a total transaction of $572,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 791,932 shares of company stock valued at $15,305,451. 15.54% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Kratos Defense & Security Solutions by 47.5% during the second quarter. Vanguard Group Inc. now owns 6,284,718 shares of the aerospace company’s stock valued at $143,858,000 after purchasing an additional 2,023,540 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of Kratos Defense & Security Solutions by 18.1% in the second quarter. Stephens Investment Management Group LLC now owns 2,034,541 shares of the aerospace company’s stock valued at $46,571,000 after acquiring an additional 312,446 shares during the period. Impala Asset Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 64.8% in the first quarter. Impala Asset Management LLC now owns 1,592,928 shares of the aerospace company’s stock valued at $24,897,000 after acquiring an additional 626,233 shares during the period. Granite Investment Partners LLC raised its stake in shares of Kratos Defense & Security Solutions by 2.5% in the second quarter. Granite Investment Partners LLC now owns 1,425,205 shares of the aerospace company’s stock valued at $32,623,000 after acquiring an additional 35,428 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Kratos Defense & Security Solutions by 3.6% in the second quarter. Northern Trust Corp now owns 1,291,654 shares of the aerospace company’s stock valued at $29,566,000 after acquiring an additional 45,020 shares during the period. Hedge funds and other institutional investors own 83.76% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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

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