Kratos Defense & Security Solutions (NASDAQ:KTOS) Coverage Initiated at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set an "overweight" rating and a $60.00 price target on the aerospace company's stock. Cantor Fitzgerald's price objective would suggest a potential upside of 35.32% from the company's previous close.

Several other research analysts have also recently weighed in on the company. Truist Financial increased their price objective on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a research note on Monday, June 30th. Royal Bank Of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday, June 30th. Finally, Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $46.25.

Kratos Defense & Security Solutions Stock Down 1.0%

KTOS traded down $0.44 during trading on Tuesday, reaching $44.34. The company had a trading volume of 3,614,451 shares, compared to its average volume of 2,026,418. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. Kratos Defense & Security Solutions has a 12 month low of $17.91 and a 12 month high of $47.09. The business's fifty day moving average price is $38.83 and its 200 day moving average price is $33.29. The company has a market cap of $6.80 billion, a P/E ratio of 341.10 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities analysts anticipate that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insider Transactions at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total value of $515,550.00. Following the completion of the transaction, the insider owned 384,492 shares in the company, valued at $13,214,990.04. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Deanna H. Lund sold 6,567 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $247,904.25. Following the completion of the transaction, the chief financial officer owned 318,766 shares of the company's stock, valued at approximately $12,033,416.50. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 149,572 shares of company stock valued at $5,373,706. 2.37% of the stock is owned by company insiders.

Institutional Trading of Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Salem Investment Counselors Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 47.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 13,275 shares of the aerospace company's stock worth $617,000 after purchasing an additional 4,300 shares in the last quarter. TrueWealth Advisors LLC bought a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth $690,000. Voya Investment Management LLC boosted its stake in Kratos Defense & Security Solutions by 129.2% in the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company's stock worth $64,226,000 after purchasing an additional 1,219,585 shares during the period. Rhumbline Advisers boosted its position in shares of Kratos Defense & Security Solutions by 63.2% during the 1st quarter. Rhumbline Advisers now owns 360,665 shares of the aerospace company's stock valued at $10,708,000 after acquiring an additional 139,725 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $374,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.