Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Rated “Outperform” in New Coverage at Oppenheimer

Oppenheimer assumed coverage on shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $50.00 target price on the aerospace company’s stock.

Several other analysts also recently commented on the stock. The Goldman Sachs Group reduced their price objective on shares of Kratos Defense & Security Solutions from $88.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Rothschild & Co Redburn assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 6th. They set a “buy” rating and a $70.00 target price on the stock. Truist Financial cut their target price on shares of Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Guggenheim started coverage on shares of Kratos Defense & Security Solutions in a report on Monday, September 14th. They issued a “buy” rating and a $74.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.50.

Kratos Defense & Security Solutions Trading Up 1.1%

Shares of KTOS stock opened at $38.68 on Thursday. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 227.53 and a beta of 1.11. The stock has a 50-day moving average of $46.80 and a 200-day moving average of $53.58. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions has a 1-year low of $36.37 and a 1-year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The company had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts forecast that Kratos Defense & Security Solutions will post 0.59 earnings per share for the current year.

Insider Activity

In other news, insider Steven Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $56.16, for a total transaction of $393,120.00. Following the completion of the transaction, the insider directly owned 288,111 shares in the company, valued at $16,180,313.76. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip Carrai sold 26,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $63.25, for a total transaction of $1,676,125.00. Following the sale, the insider directly owned 182,084 shares of the company’s stock, valued at approximately $11,516,813. The trade was a 12.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 382,013 shares of company stock valued at $23,856,842. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several large investors have recently added to or reduced their stakes in KTOS. Harbor Investment Advisory LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter worth approximately $25,000. Vision Retirement LLC boosted its position in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after buying an additional 317 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $34,000. Versant Capital Management Inc boosted its position in shares of Kratos Defense & Security Solutions by 61.9% during the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after buying an additional 266 shares during the last quarter. Finally, IMG Wealth Management Inc. grew its holdings in Kratos Defense & Security Solutions by 427.0% during the first quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock worth $37,000 after buying an additional 427 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.

Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.