Kratos Defense & Security Solutions (NASDAQ:KTOS) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) in a report published on Thursday morning. The firm issued a hold rating on the aerospace company’s stock.

Separately, Canaccord Genuity Group upgraded Kratos Defense & Security Solutions from a hold rating to a buy rating and raised their price target for the company from $11.50 to $14.00 in a research note on Friday, February 24th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of Hold and a consensus price target of $15.79.

Kratos Defense & Security Solutions Stock Down 3.5 %

Shares of Kratos Defense & Security Solutions stock traded down $0.46 during trading on Thursday, hitting $12.54. 2,427,845 shares of the stock traded hands, compared to its average volume of 909,209. The firm has a market cap of $1.59 billion, a P/E ratio of -43.24 and a beta of 0.83. The company has a current ratio of 2.49, a quick ratio of 1.95 and a debt-to-equity ratio of 0.27. Kratos Defense & Security Solutions has a 52-week low of $8.90 and a 52-week high of $22.26. The stock’s fifty day simple moving average is $11.78 and its 200 day simple moving average is $10.89.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The aerospace company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $249.30 million for the quarter, compared to analyst estimates of $242.84 million. Kratos Defense & Security Solutions had a positive return on equity of 1.46% and a negative net margin of 4.11%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. On average, equities analysts predict that Kratos Defense & Security Solutions will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Benjamin M. Goodwin sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $12.77, for a total value of $102,160.00. Following the completion of the sale, the senior vice president now owns 14,370 shares of the company’s stock, valued at $183,504.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several institutional investors have recently added to or reduced their stakes in KTOS. JPMorgan Chase & Co. boosted its holdings in Kratos Defense & Security Solutions by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock worth $3,249,000 after acquiring an additional 29,108 shares in the last quarter. Raymond James & Associates raised its stake in shares of Kratos Defense & Security Solutions by 36.0% in the first quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock worth $2,117,000 after purchasing an additional 27,379 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Kratos Defense & Security Solutions by 32.4% in the first quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after purchasing an additional 190,343 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 54.0% in the first quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock worth $1,341,000 after purchasing an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Kratos Defense & Security Solutions by 3.2% in the first quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock worth $196,054,000 after purchasing an additional 294,143 shares during the last quarter. Institutional investors and hedge funds own 83.56% of the company’s stock.

About Kratos Defense & Security Solutions

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Kratos Defense & Security Solutions, Inc provides mission critical products, services and solutions for United States national security priorities. Its products include microwave electronic products, satellite communications, modular systems, and rocket support operating. The company was founded on December 19, 1994 and is headquartered in Round Rock, TX.