The Zacks Investment Research Lowers Kratos Defense & Security Solutions, Inc. (KTOS) to Hold

The Zacks Investment Research Lowers Kratos Defense & Security Solutions, Inc. (KTOS) to Hold

According to Zacks, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs. “

Zacks Investment Research cut shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) from a buy rating to a hold rating in a research report released on Thursday, July 20th.

KTOS has been the topic of several other research reports. B. Riley reiterated a buy rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 11th. Noble Financial reiterated a buy rating on shares of Kratos Defense & Security Solutions in a report on Saturday, May 6th. Canaccord Genuity reiterated a buy rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Jefferies Group LLC reiterated a hold rating and issued a $9.25 price target on shares of Kratos Defense & Security Solutions in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating and set a $12.00 price target on the stock. in a report on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Kratos Defense & Security Solutions has a consensus rating of Buy and an average price target of $12.46.

Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) traded down 0.27% during mid-day trading on Thursday, reaching $10.98. 492,307 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $11.77 and a 200-day moving average price of $9.36. The stock’s market cap is $955.51 million. Kratos Defense & Security Solutions has a 12 month low of $4.32 and a 12 month high of $12.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The firm had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. During the same quarter last year, the business earned $0.01 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.

In related news, CEO Eric M. Demarco purchased 10,000 shares of the stock in a transaction dated Tuesday, May 30th. The stock was purchased at an average price of $10.57 per share, with a total value of $105,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 23.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. SG Capital Management LLC bought a new position in Kratos Defense & Security Solutions during the second quarter valued at about $15,458,000. Oak Management Corp raised its position in Kratos Defense & Security Solutions by 7.0% in the fourth quarter. Oak Management Corp now owns 12,658,345 shares of the aerospace company’s stock valued at $93,672,000 after buying an additional 833,000 shares in the last quarter. Emerald Advisers Inc. PA raised its position in Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock valued at $16,025,000 after buying an additional 702,505 shares in the last quarter. State Street Corp raised its position in Kratos Defense & Security Solutions by 48.7% in the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock valued at $16,414,000 after buying an additional 691,425 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its position in Kratos Defense & Security Solutions by 61.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 1,628,657 shares of the aerospace company’s stock valued at $12,671,000 after buying an additional 620,554 shares in the last quarter. 73.83% of the stock is owned by hedge funds and other institutional investors.

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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