Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)‘s stock had its “hold” rating reissued by SunTrust Banks, Inc. in a report released on Monday. They currently have a $12.00 price target on the aerospace company’s stock. SunTrust Banks, Inc.’s target price suggests a potential downside of 10.25% from the company’s previous close.

KTOS has been the subject of several other reports. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a $14.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, June 29th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, July 19th. 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.78.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 13.37 on Monday. The firm has a 50-day moving average of $12.65 and a 200-day moving average of $10.75. Kratos Defense & Security Solutions has a 52-week low of $5.23 and a 52-week high of $13.93. The stock’s market capitalization is $1.16 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, July 27th. The aerospace company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $172.78 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect 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 bought 8,905 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $11.19 per share, for a total transaction of $99,646.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital World Investors raised its holdings in Kratos Defense & Security Solutions by 32.2% in the 2nd quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock valued at $53,261,000 after acquiring an additional 1,092,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,963,668 shares of the aerospace company’s stock worth $35,179,000 after acquiring an additional 202,727 shares during the period. State Street Corp lifted its position in shares of Kratos Defense & Security Solutions by 28.1% in the 2nd quarter. State Street Corp now owns 2,703,519 shares of the aerospace company’s stock worth $32,092,000 after acquiring an additional 593,779 shares during the period. AWM Investment Company Inc. lifted its position in shares of Kratos Defense & Security Solutions by 44.0% in the 1st quarter. AWM Investment Company Inc. now owns 1,440,000 shares of the aerospace company’s stock worth $11,203,000 after acquiring an additional 440,000 shares during the period. Finally, SG Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth approximately $15,458,000. Hedge funds and other institutional investors own 61.81% of the company’s stock.

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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