Noble Financial reaffirmed their buy rating on shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) in a research report sent to investors on Thursday morning.

KTOS has been the topic of several other reports. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a hold rating to a buy rating and set a $12.00 price target on the stock in a research report on Tuesday, August 1st. BidaskClub raised shares of Kratos Defense & Security Solutions from a buy rating to a strong-buy rating in a research report on Thursday, July 13th. Canaccord Genuity reaffirmed a buy rating and set a $14.00 price target (up from $10.00) on shares of Kratos Defense & Security Solutions in a research report on Friday, May 19th. TheStreet raised shares of Kratos Defense & Security Solutions from a d rating to a c- rating in a research report on Tuesday, May 30th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $9.25 price target on shares of Kratos Defense & Security Solutions in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $12.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 11.78 on Thursday. The company has a 50-day moving average of $12.21 and a 200 day moving average of $10.25. Kratos Defense & Security Solutions has a one year low of $5.23 and a one year high of $13.93. The company’s market cap is $1.03 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $185.70 million for the quarter, compared to analyst estimates of $172.78 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities research analysts predict that Kratos Defense & Security Solutions will post $0.10 EPS for the current year.

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

Large investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. increased its position 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 worth $113,000 after acquiring an additional 3,685 shares during the period. Tudor Investment Corp ET AL bought a new position in Kratos Defense & Security Solutions during the first quarter worth about $113,000. Principal Financial Group Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter worth about $126,000. Creative Planning increased its position 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 worth $140,000 after acquiring an additional 2,813 shares during the period. Finally, Investment Centers of America Inc. bought a new position in Kratos Defense & Security Solutions during the second quarter worth about $161,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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