Kratos Defense & Security Solutions (NASDAQ:KTOS) Rating Reiterated by Benchmark

Benchmark restated their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note released on Friday morning, Benzinga reports. Benchmark currently has a $25.00 price target on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an outperform rating in a report on Monday, June 3rd. BTIG Research began coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a neutral rating for the company. JPMorgan Chase & Co. raised their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a neutral rating in a research note on Tuesday, May 28th. Jefferies Financial Group reduced their price objective on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a hold rating for the company in a research report on Wednesday, April 10th. Finally, Raymond James upgraded Kratos Defense & Security Solutions from an outperform rating to a strong-buy rating and raised their target price for the company from $20.00 to $27.00 in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $23.50.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ:KTOS opened at $20.01 on Friday. The company has a market cap of $3.00 billion, a PE ratio of 76.96 and a beta of 1.05. Kratos Defense & Security Solutions has a fifty-two week low of $13.13 and a fifty-two week high of $22.77. The firm has a 50-day simple moving average of $20.06 and a 200 day simple moving average of $19.06. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $277.20 million during the quarter, compared to analyst estimates of $250.48 million. Kratos Defense & Security Solutions had a positive return on equity of 3.43% and a negative net margin of 0.06%. The business’s revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 earnings per share. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions will post 0.3 EPS for the current year.

Insider Activity

In other news, insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $18.19, for a total value of $63,665.00. Following the completion of the sale, the insider now owns 290,118 shares in the company, valued at $5,277,246.42. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Phillip D. Carrai sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $18.19, for a total value of $63,665.00. Following the sale, the insider now directly owns 290,118 shares in the company, valued at approximately $5,277,246.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley L. Boyd sold 1,720 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $21.64, for a total transaction of $37,220.80. Following the sale, the director now owns 3,280 shares of the company’s stock, valued at $70,979.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,720 shares of company stock worth $3,391,521. 2.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently modified their holdings of KTOS. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after acquiring an additional 1,807,580 shares in the last quarter. Bamco Inc. NY raised its stake in Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock valued at $80,396,000 after purchasing an additional 511,538 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kratos Defense & Security Solutions by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company’s stock valued at $80,978,000 after purchasing an additional 195,615 shares in the last quarter. FMR LLC boosted its position in shares of Kratos Defense & Security Solutions by 56.4% in the third quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock worth $45,459,000 after buying an additional 1,091,380 shares during the period. Finally, Hood River Capital Management LLC grew its holdings in shares of Kratos Defense & Security Solutions by 108.7% during the first quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after buying an additional 1,331,499 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.