Kratos Defense & Security Solutions (NASDAQ:KTOS) Receives New Coverage from Analysts at BTIG Research

BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the aerospace company's stock.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group lowered their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a hold rating on the stock in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a neutral rating in a report on Tuesday, May 28th. JMP Securities started coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They set a market outperform rating and a $27.00 price target for the company. Benchmark reissued a buy rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Finally, Royal Bank of Canada increased their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of Moderate Buy and a consensus price target of $23.50.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock traded down $0.35 during trading on Wednesday, hitting $19.81. 898,153 shares of the company's stock traded hands, compared to its average volume of 1,242,823. Kratos Defense & Security Solutions has a 1 year low of $13.13 and a 1 year high of $22.77. The business has a 50-day simple moving average of $19.97 and a 200-day simple moving average of $19.09. The stock has a market capitalization of $2.97 billion, a P/E ratio of 77.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.06. The business had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The firm's revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 EPS. As a group, analysts forecast that Kratos Defense & Security Solutions will post 0.3 EPS for the current year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the company's stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $21.97, for a total transaction of $153,790.00. Following the sale, the insider now owns 391,160 shares of the company's stock, valued at $8,593,785.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $21.97, for a total transaction of $153,790.00. Following the sale, the insider now directly owns 391,160 shares of the company's stock, valued at $8,593,785.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonah Adelman sold 90,000 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $21.58, for a total value of $1,942,200.00. Following the sale, the insider now owns 44,348 shares in the company, valued at approximately $957,029.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,720 shares of company stock valued at $3,391,521. 2.27% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds have recently bought and sold shares of KTOS. Assenagon Asset Management S.A. purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at $1,628,000. Dimensional Fund Advisors LP grew its stake in Kratos Defense & Security Solutions by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,990,920 shares of the aerospace company's stock worth $80,978,000 after acquiring an additional 195,615 shares in the last quarter. FMR LLC grew its stake in Kratos Defense & Security Solutions by 56.4% in the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company's stock worth $45,459,000 after acquiring an additional 1,091,380 shares in the last quarter. Profit Investment Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $2,608,000. Finally, Raymond James & Associates raised its stake in shares of Kratos Defense & Security Solutions by 54.6% during the fourth quarter. Raymond James & Associates now owns 188,105 shares of the aerospace company's stock valued at $3,817,000 after acquiring an additional 66,442 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

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.