Kratos Defense & Security Solutions (NASDAQ:KTOS) Upgraded to Strong-Buy at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) to a strong-buy rating in a research note published on Tuesday morning,Zacks reports.

KTOS has been the topic of a number of other reports. Wedbush assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price objective on the stock. BTIG Research increased their target price on Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price target for the company from $99.00 to $82.00 in a research note on Friday, June 12th. Truist Financial lowered their price objective on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group increased their price objective on Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.06.

Kratos Defense & Security Solutions Stock Performance

Shares of Kratos Defense & Security Solutions stock opened at $43.71 on Tuesday. The business has a 50-day simple moving average of $50.93 and a 200-day simple moving average of $56.65. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54. Kratos Defense & Security Solutions has a one year low of $41.74 and a one year high of $134.00. The company has a market cap of $8.21 billion, a PE ratio of 257.12 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The firm had revenue of $458.80 million for the quarter, compared to analysts’ expectations of $410.36 million. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts forecast that Kratos Defense & Security Solutions will post 0.57 EPS for the current fiscal year.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Steven Fendley sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $56.16, for a total transaction of $393,120.00. Following the transaction, the insider owned 288,111 shares of the company’s stock, valued at approximately $16,180,313.76. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total value of $635,000.00. Following the sale, the director owned 65,123 shares in the company, valued at $4,135,310.50. This trade represents a 13.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 375,513 shares of company stock worth $23,597,752 over the last three months. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KTOS. Vision Retirement LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $25,000. IMG Wealth Management Inc. raised its position in Kratos Defense & Security Solutions by 427.0% in the 1st quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 427 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Kratos Defense & Security Solutions by 333.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 500 shares during the period. Finally, Compass Financial Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense, and commercial applications. Its offerings support unmanned systems, satellite communications, space operations, missile defense, hypersonic programs, launch systems, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C5ISR) missions.

The company provides unmanned aerial, ground, and maritime systems, including target drones and other autonomous platforms used for testing, training, and operational missions.