JMP Securities Begins Coverage on Kratos Defense & Security Solutions (NASDAQ:KTOS)

JMP Securities assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOSFree Report) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage issued a market outperform rating and a $27.00 price target on the aerospace company’s stock.

KTOS has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. The Goldman Sachs Group boosted their price objective on Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a neutral rating in a research report on Tuesday, February 20th. Jefferies Financial Group reduced their target price on shares of 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. Benchmark reiterated a buy rating and set a $25.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. Finally, Raymond James upgraded shares of Kratos Defense & Security Solutions from an outperform rating to a strong-buy rating and raised their price objective for the company from $20.00 to $27.00 in a report on Friday, April 26th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $23.38.

Read Our Latest Stock Report on KTOS

Kratos Defense & Security Solutions Stock Up 0.9 %

Shares of KTOS opened at $21.62 on Tuesday. The company’s 50-day simple moving average is $19.03 and its 200-day simple moving average is $18.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.47 and a current ratio of 3.02. Kratos Defense & Security Solutions has a 1 year low of $12.88 and a 1 year high of $22.77. The stock has a market capitalization of $3.25 billion, a PE ratio of 83.85 and a beta of 0.81.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last released its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The company had revenue of $277.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. Analysts forecast that Kratos Defense & Security Solutions will post 0.28 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $21.97, for a total value of $153,790.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions 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 transaction, the insider now owns 391,160 shares of the company’s stock, valued at $8,593,785.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven S. Fendley sold 25,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $21.44, for a total value of $536,000.00. Following the completion of the sale, the insider now directly owns 398,160 shares of the company’s stock, valued at $8,536,550.40. The disclosure for this sale can be found here. Insiders have sold 68,038 shares of company stock valued at $1,363,449 in the last ninety days. Insiders own 2.27% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its stake in shares of Kratos Defense & Security Solutions by 1.3% during the fourth quarter. Arkadios Wealth Advisors now owns 57,081 shares of the aerospace company’s stock worth $1,158,000 after buying an additional 743 shares during the period. Register Financial Advisors LLC grew its stake in shares of Kratos Defense & Security Solutions by 0.4% in the 1st quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock valued at $3,503,000 after purchasing an additional 750 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Kratos Defense & Security Solutions by 2.1% in the third quarter. Arizona State Retirement System now owns 36,332 shares of the aerospace company’s stock valued at $546,000 after purchasing an additional 751 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Kratos Defense & Security Solutions by 6.4% in the third quarter. Commonwealth Equity Services LLC now owns 13,395 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 808 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock worth $1,177,000 after purchasing an additional 982 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

(Get Free Report)

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.

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