Kratos Defense & Security Solutions (NASDAQ:KTOS) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) from a hold rating to a sell rating in a report published on Saturday morning.

KTOS has been the subject of several other research reports. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, April 17th. B. Riley upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Benchmark boosted their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Kratos Defense & Security Solutions Trading Down 1.8 %

NASDAQ KTOS opened at $33.61 on Friday. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 336.13 and a beta of 1.03. Kratos Defense & Security Solutions has a one year low of $17.91 and a one year high of $36.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company’s 50-day simple moving average is $31.77 and its two-hundred day simple moving average is $29.29.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period last year, the business posted $0.11 EPS. The business’s revenue was up 9.2% compared to the same quarter last year. Equities analysts forecast that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total value of $40,680.00. Following the sale, the senior vice president now directly owns 60,443 shares of the company’s stock, valued at approximately $1,639,214.16. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $24.59, for a total value of $172,130.00. Following the transaction, the insider now owns 370,660 shares of the company’s stock, valued at $9,114,529.40. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,168 shares of company stock worth $2,537,940. Company insiders own 2.37% of the company’s stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently bought and sold shares of the stock. WealthPlan Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter valued at approximately $461,000. Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $207,000. Stifel Financial Corp boosted its stake in shares of Kratos Defense & Security Solutions by 17.5% during the 4th quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock worth $7,808,000 after acquiring an additional 44,048 shares in the last quarter. MRA Advisory Group acquired a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $448,000. Finally, Robertson Stephens Wealth Management LLC increased its stake in shares of Kratos Defense & Security Solutions by 121.3% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company’s stock valued at $801,000 after purchasing an additional 16,650 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.