Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s share price fell 2% during trading on Friday . The company traded as low as $12.69 and last traded at $12.57. 9,267,520 shares were traded during mid-day trading, an increase of 519% from the average session volume of 1,496,510 shares. The stock had previously closed at $12.83.

A number of brokerages have recently commented on KTOS. B. Riley reaffirmed a “buy” rating and issued a $16.00 target price on shares of Kratos Defense & Security Solutions in a report on Wednesday, August 2nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $14.00 target price (up from $10.00) on shares of Kratos Defense & Security Solutions in a report on Friday, May 19th. Drexel Hamilton began coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, August 15th. They issued a “buy” rating and a $14.00 target price on the stock. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.78.

The firm’s 50-day moving average price is $12.28 and its 200-day moving average price is $10.11. The stock’s market cap is $1.07 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Kratos Defense & Security Solutions had a negative return on equity of 1.40% and a negative net margin of 6.29%. The firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post $0.10 earnings per share for the current year.

In related news, CEO Eric M. Demarco bought 8,905 shares of the company’s stock in a transaction on Monday, August 7th. The shares were purchased at an average cost of $11.19 per share, with a total value of $99,646.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors increased its position in Kratos Defense & Security Solutions by 32.2% in the second quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock worth $53,261,000 after buying an additional 1,092,000 shares during the period. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 7.3% in the second quarter. Vanguard Group Inc. now owns 2,963,668 shares of the aerospace company’s stock worth $35,179,000 after buying an additional 202,727 shares during the period. State Street Corp increased its position in Kratos Defense & Security Solutions by 28.1% in the second quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock worth $32,092,000 after buying an additional 593,779 shares during the period. S Squared Technology LLC increased its position in Kratos Defense & Security Solutions by 2.1% in the first quarter. S Squared Technology LLC now owns 1,992,639 shares of the aerospace company’s stock worth $15,503,000 after buying an additional 40,701 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its position in Kratos Defense & Security Solutions by 11.8% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,449,900 shares of the aerospace company’s stock worth $11,280,000 after buying an additional 152,500 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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