Kratos Defense & Security Solutions (NASDAQ:KTOS) Downgraded by StockNews.com to "Sell"

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other equities research analysts also recently issued reports about the company. Benchmark raised their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Royal Bank of Canada lifted their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 14th. Finally, Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

Kratos Defense & Security Solutions Stock Down 0.4%

NASDAQ:KTOS traded down $0.15 during trading hours on Friday, reaching $33.78. The company's stock had a trading volume of 1,792,994 shares, compared to its average volume of 1,652,274. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 337.83 and a beta of 1.03. Kratos Defense & Security Solutions has a one year low of $17.91 and a one year high of $36.85. The business's 50-day moving average is $31.89 and its 200-day moving average is $29.40. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The business's quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts predict that Kratos Defense & Security Solutions will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the transaction, the senior vice president now owns 60,443 shares in the company, valued at $1,639,214.16. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas E. Iv Mills sold 8,637 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the sale, the insider now directly owns 12,215 shares in the company, valued at $331,515.10. The trade was a 41.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,168 shares of company stock worth $2,537,940 over the last 90 days. Corporate insiders own 2.37% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Hedge funds have recently modified their holdings of the stock. Costello Asset Management INC bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at $29,000. Aspect Partners LLC increased its position in shares of Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after buying an additional 700 shares in the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

About Kratos Defense & Security Solutions

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.