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

Truist Financial reaffirmed their buy rating on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS - Free Report) in a report published on Thursday, Benzinga reports. The firm currently has a $27.00 price target on the aerospace company's stock, up from their previous price target of $25.00.

KTOS has been the topic of several other reports. Royal Bank of Canada increased their target price on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an outperform rating in a research note on Monday, June 3rd. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an outperform rating in a research note on Monday. Benchmark restated a buy rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Finally, BTIG Research started coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a neutral rating on the stock. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of Moderate Buy and a consensus target price of $25.00.

Kratos Defense & Security Solutions Stock Up 0.6 %

Shares of Kratos Defense & Security Solutions stock traded up $0.13 during midday trading on Thursday, hitting $23.19. The company had a trading volume of 722,441 shares, compared to its average volume of 1,154,285. The company has a 50 day moving average of $21.73 and a 200 day moving average of $20.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. Kratos Defense & Security Solutions has a 52-week low of $14.33 and a 52-week high of $24.08. The stock has a market capitalization of $3.50 billion, a P/E ratio of 72.56 and a beta of 1.02.

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

Insider Buying and Selling

In related news, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 298,016 shares of the company's stock, valued at approximately $5,960,320. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction on Monday, July 1st. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the chief financial officer now directly owns 298,016 shares of the company's stock, valued at approximately $5,960,320. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $22.68, for a total value of $158,760.00. Following the completion of the transaction, the insider now directly owns 377,322 shares in the company, valued at $8,557,662.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,210 shares of company stock valued at $1,505,072. 2.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its holdings in Kratos Defense & Security Solutions by 113.1% during 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 period. Comerica Bank increased its holdings in shares of Kratos Defense & Security Solutions by 627.9% in the first quarter. Comerica Bank now owns 49,636 shares of the aerospace company's stock worth $912,000 after purchasing an additional 42,817 shares during the last quarter. Swiss National Bank increased its holdings in shares of 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 during the last quarter. Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company's stock worth $246,824,000 after purchasing an additional 229,472 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings 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 worth $8,655,000 after purchasing an additional 316,500 shares during the last quarter. 75.92% of the stock is owned by institutional investors.

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.