Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) has received a consensus rating of “Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.71.

Several equities research analysts recently weighed in on KTOS shares. Canaccord Genuity reissued a “buy” rating and set a $14.00 price target (up previously from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, July 28th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Wednesday, July 19th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, June 29th. Finally, BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st.

Shares of Kratos Defense & Security Solutions (KTOS) traded up 1.99% during trading on Friday, hitting $11.78. The stock had a trading volume of 2,624,140 shares. The firm’s market cap is $1.03 billion. Kratos Defense & Security Solutions has a 52-week low of $5.23 and a 52-week high of $13.93. The stock has a 50 day moving average of $12.21 and a 200 day moving average of $10.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The company had revenue of $185.70 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $0.01 earnings per share. On average, equities analysts anticipate that Kratos Defense & Security Solutions will post $0.10 EPS for the current year.

In related news, CEO Eric M. Demarco bought 8,905 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were bought at an average price of $11.19 per share, for a total transaction of $99,646.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 23.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Boulegeris Investments Inc. boosted its holdings in 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 purchasing an additional 650 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in Kratos Defense & Security Solutions in the second quarter worth approximately $249,000. HighTower Advisors LLC boosted its holdings in 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 purchasing an additional 2,137 shares during the last quarter. Creative Planning boosted its holdings in 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 purchasing an additional 2,813 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Kratos Defense & Security Solutions by 5.6% in the second quarter. Wells Fargo & Company MN now owns 60,445 shares of the aerospace company’s stock worth $717,000 after purchasing an additional 3,199 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

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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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