Zacks Investment Research cut shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) from a strong-buy rating to a hold rating in a report issued on Wednesday 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 subject of a number of other reports. Jefferies Group reiterated a neutral rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 5th. B. Riley restated a buy rating and issued a $9.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 9th.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 6.91 on Wednesday. The firm has a market capitalization of $417.61 million, a price-to-earnings ratio of 22.22 and a beta of 1.23. Kratos Defense & Security Solutions has a one year low of $2.80 and a one year high of $7.58. The stock’s 50 day moving average price is $6.85 and its 200-day moving average price is $5.19.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.10. The firm had revenue of $168.20 million for the quarter, compared to the consensus estimate of $158.93 million. Kratos Defense & Security Solutions had a negative return on equity of 4.96% and a net margin of 2.80%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. On average, equities research analysts expect that Kratos Defense & Security Solutions will post ($0.14) EPS for the current fiscal year.

In other Kratos Defense & Security Solutions news, Director William A. Hoglund acquired 150,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was bought at an average cost of $5.89 per share, with a total value of $883,500.00. Following the completion of the transaction, the director now directly owns 325,000 shares in the company, valued at approximately $1,914,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William A. Hoglund acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was acquired at an average cost of $5.59 per share, with a total value of $279,500.00. Following the completion of the transaction, the director now owns 250,000 shares of the company’s stock, valued at $1,397,500. The disclosure for this purchase can be found here. 23.20% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in KTOS. Dimensional Fund Advisors LP boosted its stake in Kratos Defense & Security Solutions by 6.6% in the second quarter. Dimensional Fund Advisors LP now owns 4,666,914 shares of the company’s stock worth $19,134,000 after buying an additional 288,109 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Kratos Defense & Security Solutions by 4.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,480,834 shares of the company’s stock worth $6,071,000 after buying an additional 68,864 shares during the last quarter. S Squared Technology LLC boosted its stake in Kratos Defense & Security Solutions by 89.9% in the second quarter. S Squared Technology LLC now owns 1,362,238 shares of the company’s stock worth $5,585,000 after buying an additional 645,000 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in Kratos Defense & Security Solutions by 1.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,315,800 shares of the company’s stock worth $5,395,000 after buying an additional 20,000 shares during the last quarter. Finally, Managed Asset Portfolios LLC boosted its stake in Kratos Defense & Security Solutions by 4.0% in the first quarter. Managed Asset Portfolios LLC now owns 1,278,235 shares of the company’s stock worth $6,327,000 after buying an additional 48,895 shares during the last quarter. 66.53% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.

5 Day Chart for NASDAQ:KTOS

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