Zacks Investment Research cut shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) from a buy rating to a hold rating in a research note published on Thursday morning.

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. “

KTOS has been the topic of several other reports. B. Riley reaffirmed a buy rating and issued a $16.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Wednesday. Canaccord Genuity reaffirmed a buy rating and issued a $14.00 price objective (up from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. BidaskClub cut shares of Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a research report on Tuesday, August 1st. SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a buy rating to a hold rating and set a $12.00 price objective on the stock. in a research report on Friday, July 14th. Finally, Noble Financial set a $14.00 price objective on shares of Kratos Defense & Security Solutions and gave the company a buy rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $12.46.

Shares of Kratos Defense & Security Solutions (NASDAQ KTOS) traded down 0.09% during midday trading on Thursday, hitting $11.07. The stock had a trading volume of 637,441 shares. The stock has a 50-day moving average of $11.77 and a 200 day moving average of $9.36. Kratos Defense & Security Solutions has a 52 week low of $4.95 and a 52 week high of $12.91. The stock’s market cap is $963.36 million.

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, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $185.70 million for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. Analysts anticipate that Kratos Defense & Security Solutions will post $0.10 EPS for the current fiscal year.

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In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $10.57 per share, with a total value of $105,700.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 23.20% of the company’s stock.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Kratos Defense & Security Solutions by 47.8% in the second quarter. BNP Paribas Arbitrage SA now owns 21,832 shares of the aerospace company’s stock valued at $259,000 after buying an additional 7,060 shares during the period. Legal & General Group Plc boosted its stake in shares of Kratos Defense & Security Solutions by 23.5% in the second quarter. Legal & General Group Plc now owns 16,865 shares of the aerospace company’s stock valued at $201,000 after buying an additional 3,210 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Kratos Defense & Security Solutions by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 496,044 shares of the aerospace company’s stock valued at $5,888,000 after buying an additional 33,538 shares during the period. Rhumbline Advisers boosted its stake in shares of Kratos Defense & Security Solutions by 23.5% in the second quarter. Rhumbline Advisers now owns 90,693 shares of the aerospace company’s stock valued at $1,077,000 after buying an additional 17,270 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 11.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 346,026 shares of the aerospace company’s stock valued at $4,108,000 after buying an additional 34,741 shares during the period. 73.83% of the stock is currently owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

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

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