Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rating Upgraded by Truist Financial

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) was upgraded by equities researchers at Truist Financial from a “hold” rating to a “buy” rating in a report released on Thursday, The Fly reports.

A number of other equities research analysts have also recently weighed in on KTOS. Robert W. Baird raised Kratos Defense & Security Solutions from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Thursday, May 12th. Canaccord Genuity Group dropped their target price on Kratos Defense & Security Solutions from $28.00 to $26.00 in a report on Wednesday, February 23rd. Finally, StockNews.com cut Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.89.

KTOS opened at $13.63 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.01 and a current ratio of 3.22. The business’s 50 day moving average price is $17.30 and its 200 day moving average price is $18.31. Kratos Defense & Security Solutions has a one year low of $12.54 and a one year high of $30.29. The stock has a market capitalization of $1.70 billion, a PE ratio of -90.87 and a beta of 0.80.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Rating) last posted its earnings results on Thursday, May 5th. The aerospace company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $196.20 million during the quarter, compared to the consensus estimate of $197.21 million. Kratos Defense & Security Solutions had a positive return on equity of 2.05% and a negative net margin of 2.43%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions will post 0.22 earnings per share for the current fiscal year.

In related news, SVP Benjamin M. Goodwin sold 9,525 shares of Kratos Defense & Security Solutions stock in a transaction on Friday, February 25th. The shares were sold at an average price of $18.36, for a total value of $174,879.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas E. Iv Mills sold 22,605 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, April 4th. The shares were sold at an average price of $21.06, for a total transaction of $476,061.30. Following the completion of the sale, the insider now directly owns 16,279 shares of the company’s stock, valued at approximately $342,835.74. The disclosure for this sale can be found here. Insiders have sold a total of 122,414 shares of company stock valued at $2,274,734 in the last three months. Company insiders own 1.83% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in KTOS. Bamco Inc. NY grew its stake in shares of Kratos Defense & Security Solutions by 4.5% in the 3rd quarter. Bamco Inc. NY now owns 4,278,630 shares of the aerospace company’s stock worth $95,456,000 after buying an additional 183,291 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kratos Defense & Security Solutions by 46.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,536 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 5,574 shares during the last quarter. Capital Fund Management S.A. boosted its holdings in shares of Kratos Defense & Security Solutions by 67.0% in the 4th quarter. Capital Fund Management S.A. now owns 147,640 shares of the aerospace company’s stock valued at $2,864,000 after acquiring an additional 59,236 shares during the last quarter. Peregrine Capital Management LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the 4th quarter. Peregrine Capital Management LLC now owns 530,358 shares of the aerospace company’s stock valued at $10,289,000 after acquiring an additional 61,995 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 70.5% in the 4th quarter. ProShare Advisors LLC now owns 26,807 shares of the aerospace company’s stock valued at $520,000 after acquiring an additional 11,083 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company’s stock.

Kratos Defense & Security Solutions Company Profile (Get Rating)

Kratos Defense & Security Solutions, Inc operates as a government contractor of the U.S. Department of Defense. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, space and satellite communications, training and cybersecurity/ warfare, C5ISR/ modular systems, turbine technologies, and defense and rocket support services.

Featured Stories

The Fly logo

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

Receive News & Ratings for Kratos Defense & Security Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kratos Defense & Security Solutions and related companies with MarketBeat.com's FREE daily email newsletter.