Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 7,720,000 shares, a growth of 11.7% from the August 30th total of 6,910,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is presently 5.4 days. Approximately 7.5% of the shares of the stock are sold short.

NASDAQ:KTOS traded up $0.50 during trading hours on Wednesday, hitting $19.48. 819,873 shares of the stock were exchanged, compared to its average volume of 1,260,298. Kratos Defense & Security Solutions has a 52-week low of $11.91 and a 52-week high of $25.08. The firm’s fifty day moving average price is $19.22 and its 200 day moving average price is $19.82. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.01 billion, a P/E ratio of 114.59, a P/E/G ratio of 10.91 and a beta of 1.27.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Kratos Defense & Security Solutions had a return on equity of 4.63% and a net margin of 1.99%. The company had revenue of $187.90 million during the quarter, compared to analyst estimates of $178.72 million. During the same period in the previous year, the business earned $0.02 EPS. Kratos Defense & Security Solutions’s quarterly revenue was up 24.3% on a year-over-year basis. Equities analysts expect that Kratos Defense & Security Solutions will post 0.23 EPS for the current fiscal year.

In related news, VP Marie Mendoza sold 13,993 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $19.96, for a total value of $279,300.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Carter sold 14,720 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $19.80, for a total value of $291,456.00. The disclosure for this sale can be found here. Insiders sold a total of 791,932 shares of company stock valued at $15,305,451 in the last ninety days. 15.54% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the business. First Hawaiian Bank grew its position in shares of Kratos Defense & Security Solutions by 36.5% in the second quarter. First Hawaiian Bank now owns 19,660 shares of the aerospace company’s stock valued at $450,000 after purchasing an additional 5,260 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $2,897,000. Calamos Advisors LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at approximately $990,000. State Board of Administration of Florida Retirement System grew its position in shares of Kratos Defense & Security Solutions by 1.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock valued at $1,168,000 after purchasing an additional 760 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Kratos Defense & Security Solutions by 17.5% in the second quarter. Envestnet Asset Management Inc. now owns 32,819 shares of the aerospace company’s stock valued at $751,000 after purchasing an additional 4,884 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.

A number of research firms recently weighed in on KTOS. Canaccord Genuity set a $28.00 price target on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Friday, October 11th. Zacks Investment Research raised Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, July 3rd. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 20th. Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Finally, ValuEngine lowered Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $23.75.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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