Kratos Defense & Security Solutions (NASDAQ:KTOS) Given Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $74.00 target price on the aerospace company’s stock.

Several other brokerages also recently issued reports on KTOS. Benchmark increased their price objective on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Noble Financial reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Monday, August 11th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, July 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Kratos Defense & Security Solutions in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.64.

Kratos Defense & Security Solutions Stock Up 0.7%

Shares of Kratos Defense & Security Solutions stock opened at $64.56 on Tuesday. The stock has a 50-day moving average price of $59.67 and a 200 day moving average price of $43.05. The company has a market cap of $10.90 billion, a P/E ratio of 645.66 and a beta of 1.05. The company has a current ratio of 4.43, a quick ratio of 3.88 and a debt-to-equity ratio of 0.12. Kratos Defense & Security Solutions has a 1 year low of $20.83 and a 1 year high of $72.70.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $351.50 million during the quarter, compared to the consensus estimate of $305.67 million. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts expect that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $51.42, for a total value of $308,520.00. Following the transaction, the insider directly owned 270,104 shares of the company’s stock, valued at approximately $13,888,747.68. This trade represents a 2.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas E. Iv Mills sold 5,758 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $65.54, for a total value of $377,379.32. Following the completion of the transaction, the insider directly owned 9,692 shares in the company, valued at $635,213.68. The trade was a 37.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,177 shares of company stock worth $3,876,673 in the last three months. 2.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KTOS. Baird Financial Group Inc. increased its position in Kratos Defense & Security Solutions by 32.1% in the 4th quarter. Baird Financial Group Inc. now owns 17,753 shares of the aerospace company’s stock worth $468,000 after buying an additional 4,314 shares during the period. Cetera Investment Advisers increased its position in Kratos Defense & Security Solutions by 13.2% in the 4th quarter. Cetera Investment Advisers now owns 15,379 shares of the aerospace company’s stock worth $406,000 after buying an additional 1,793 shares during the period. Deutsche Bank AG increased its position in Kratos Defense & Security Solutions by 191.9% in the 4th quarter. Deutsche Bank AG now owns 250,557 shares of the aerospace company’s stock worth $6,610,000 after buying an additional 164,711 shares during the period. Gotham Asset Management LLC increased its position in Kratos Defense & Security Solutions by 32.1% in the 4th quarter. Gotham Asset Management LLC now owns 21,347 shares of the aerospace company’s stock worth $563,000 after buying an additional 5,186 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kratos Defense & Security Solutions by 22.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 454,286 shares of the aerospace company’s stock worth $11,984,000 after buying an additional 83,235 shares during the period. 75.92% of the stock is owned by institutional investors.

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.