Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)‘s stock had its “buy” rating restated by Noble Financial in a research note issued to investors on Thursday.

KTOS has been the topic of a number of other reports. B. Riley restated a “buy” rating and issued a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and set a $14.00 target price (up previously from $10.00) on shares of Kratos Defense & Security Solutions in a report on Friday, May 19th. Drexel Hamilton began coverage on Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They set a “buy” rating and a $14.00 target price for the company. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub lowered Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Kratos Defense & Security Solutions presently has an average rating of “Buy” and an average target price of $12.78.

Shares of Kratos Defense & Security Solutions (KTOS) traded down 3.224% during midday trading on Thursday, reaching $11.555. 2,493,725 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $12.26 and a 200 day moving average price of $10.20. The company’s market cap is $1.01 billion. Kratos Defense & Security Solutions has a 12 month low of $5.23 and a 12 month high of $13.93.

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 the Zacks’ consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The business had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. During the same period in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research 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 acquired 8,905 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average price of $11.19 per share, with a total value of $99,646.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp purchased a new position in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $2,005,000. IHT Wealth Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $249,000. Principal Financial Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter worth about $126,000. Creative Planning grew its holdings in shares of Kratos Defense & Security Solutions by 31.3% during the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock worth $140,000 after purchasing an additional 2,813 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Kratos Defense & Security Solutions during the first quarter worth about $103,000. 73.32% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

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.

Analyst Recommendations for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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