Drexel Hamilton assumed coverage on shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $14.00 price target on the aerospace company’s stock.
Other research analysts have also recently issued reports about the stock. B. Riley reissued a buy rating and issued a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 11th. Noble Financial reissued a buy rating on shares of Kratos Defense & Security Solutions in a research note on Saturday, May 6th. SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating and set a $12.00 price objective on the stock. in a research note on Friday, July 14th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut shares of Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Kratos Defense & Security Solutions currently has a consensus rating of Buy and a consensus target price of $12.66.
Kratos Defense & Security Solutions (NASDAQ KTOS) traded up 0.57% during midday trading on Tuesday, reaching $12.29. The company’s stock had a trading volume of 384,197 shares. The firm has a 50 day moving average price of $12.01 and a 200-day moving average price of $9.67. Kratos Defense & Security Solutions has a 52 week low of $5.23 and a 52 week high of $13.02. The firm’s market cap is $1.07 billion.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, analysts forecast that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.
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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $10.57 per share, for a total transaction of $105,700.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 23.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of Kratos Defense & Security Solutions by 0.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,603 shares of the aerospace company’s stock worth $256,000 after buying an additional 206 shares during the period. Boulegeris Investments Inc. raised its position in shares of Kratos Defense & Security Solutions by 4.6% in the second quarter. Boulegeris Investments Inc. now owns 14,725 shares of the aerospace company’s stock worth $175,000 after buying an additional 650 shares during the period. IHT Wealth Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter worth approximately $249,000. HighTower Advisors LLC raised its position in shares of Kratos Defense & Security Solutions by 0.8% in the second quarter. HighTower Advisors LLC now owns 254,311 shares of the aerospace company’s stock worth $3,022,000 after buying an additional 2,137 shares during the period. Finally, Creative Planning raised its position in shares of Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after buying an additional 2,813 shares during the period. Institutional investors own 74.36% of the company’s stock.
Kratos Defense & Security Solutions Company Profile
Kratos Defense & Security Solutions, Inc is a technology, intellectual property and proprietary product and solution company focused on the United States and its allies’ national security. The Kratos Government Solutions segment includes the operations of Defense Rocket Support Services, Microwave Electronics Division, Technical and Training Solutions, and Modular Systems, which provide technology-based defense solutions, involving products and services, with the focus relating to the nation’s Command, Control, Communications, Computing, Combat Systems, Intelligence, Surveillance and Reconnaissance requirements.
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