Kratos Defense & Security Solutions (NASDAQ:KTOS) Lowered to "Neutral" Rating by B. Riley

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) was downgraded by analysts at B. Riley from a "buy" rating to a "neutral" rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $26.00 target price on the aerospace company's stock, up from their prior target price of $24.00. B. Riley's target price would suggest a potential upside of 10.22% from the stock's current price.

A number of other research analysts have also issued reports on the stock. Robert W. Baird raised their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. JMP Securities reiterated a "market outperform" rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Truist Financial restated a "buy" rating and set a $27.00 target price (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.10.

Kratos Defense & Security Solutions Stock Down 2.5 %

Kratos Defense & Security Solutions stock traded down $0.60 during mid-day trading on Wednesday, hitting $23.59. 1,240,581 shares of the company's stock were exchanged, compared to its average volume of 1,121,519. Kratos Defense & Security Solutions has a 1-year low of $16.36 and a 1-year high of $25.91. The stock has a 50 day moving average of $23.41 and a two-hundred day moving average of $21.40. The stock has a market cap of $3.56 billion, a P/E ratio of 345.57 and a beta of 1.02. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm's revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS. As a group, analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total transaction of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the sale, the senior vice president now owns 63,393 shares of the company's stock, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas E. Iv Mills sold 6,603 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $24.88, for a total value of $164,282.64. Following the transaction, the insider now owns 23,848 shares of the company's stock, valued at $593,338.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,091 shares of company stock worth $1,476,671. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Sei Investments Co. raised its stake in shares of Kratos Defense & Security Solutions by 113.1% in the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company's stock valued at $5,727,000 after acquiring an additional 165,356 shares during the last quarter. Comerica Bank raised its position in Kratos Defense & Security Solutions by 627.9% in the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company's stock valued at $912,000 after purchasing an additional 42,817 shares during the last quarter. Swiss National Bank boosted its stake in Kratos Defense & Security Solutions by 13.2% in the first quarter. Swiss National Bank now owns 287,600 shares of the aerospace company's stock worth $5,286,000 after purchasing an additional 33,500 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Kratos Defense & Security Solutions by 272.8% in the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock valued at $8,655,000 after buying an additional 316,500 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.