Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

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. “

Other equities research analysts also recently issued reports about the stock. B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 11th. Canaccord Genuity reissued a “buy” rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, June 29th. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Drexel Hamilton initiated coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They issued a “buy” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.78.

Shares of Kratos Defense & Security Solutions (KTOS) traded up 0.45% on Wednesday, reaching $13.43. 1,003,114 shares of the company’s stock traded hands. The stock’s market capitalization is $1.17 billion. Kratos Defense & Security Solutions has a 52 week low of $5.23 and a 52 week high of $13.93. The company has a 50 day moving average of $12.67 and a 200-day moving average of $10.77.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $185.70 million during the quarter, compared to the consensus estimate of $172.78 million. During the same period in the prior year, the company earned $0.01 EPS. Kratos Defense & Security Solutions’s revenue was up 10.4% on a year-over-year basis. Equities research analysts forecast that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current year.

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In other news, CEO Eric M. Demarco acquired 8,905 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $11.19 per share, with a total value of $99,646.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 23.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KTOS. KCG Holdings Inc. lifted its stake in Kratos Defense & Security Solutions by 33.9% during the first quarter. KCG Holdings Inc. now owns 14,569 shares of the aerospace company’s stock valued at $113,000 after buying an additional 3,685 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Kratos Defense & Security Solutions during the first quarter valued at about $113,000. Principal Financial Group Inc. purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at about $126,000. Creative Planning lifted its stake in Kratos Defense & Security Solutions by 31.3% during the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after buying an additional 2,813 shares in the last quarter. Finally, Investment Centers of America Inc. purchased a new stake in Kratos Defense & Security Solutions during the second quarter valued at about $161,000. 61.81% 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.

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