Kratos Defense & Security Solutions, Inc. (KTOS) Lowered to “Hold” at Zacks Investment Research

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, August 3rd.

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. “

Other analysts have also recently issued research reports about the stock. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of Kratos Defense & Security Solutions in a research report on Sunday, May 7th. Noble Financial reissued a “buy” rating on shares of Kratos Defense & Security Solutions in a research report on Saturday, May 6th. SunTrust Banks, Inc. cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research report on Friday, July 14th. BidaskClub cut shares of Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Canaccord Genuity reissued a “buy” rating and set a $14.00 price target on shares of Kratos Defense & Security Solutions in a research report on Thursday, July 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $12.46.

Kratos Defense & Security Solutions (KTOS) traded up 1.94% during midday trading on Thursday, hitting $12.35. 1,434,588 shares of the stock traded hands. The firm’s market cap is $1.07 billion. The company’s 50-day moving average is $11.91 and its 200 day moving average is $9.55. Kratos Defense & Security Solutions has a 12-month low of $5.23 and a 12-month high of $12.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued 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. The business had revenue of $185.70 million for the quarter, compared to analysts’ expectations of $172.78 million. Kratos Defense & Security Solutions had a negative net margin of 6.29% and a negative return on equity of 1.40%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 earnings per share. On average, analysts anticipate that Kratos Defense & Security Solutions will post $0.10 EPS for the current fiscal year.

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In other news, CEO Eric M. Demarco bought 10,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $10.57 per share, with a total value of $105,700.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.20% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at $126,000. Creative Planning raised its position in shares of Kratos Defense & Security Solutions by 31.3% in the second quarter. Creative Planning now owns 11,810 shares of the aerospace company’s stock valued at $140,000 after buying an additional 2,813 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $103,000. Investment Centers of America Inc. bought a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $161,000. Finally, Boulegeris Investments Inc. bought a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at approximately $110,000. 74.57% of the stock is currently owned by hedge funds and other institutional investors.

About Kratos Defense & Security Solutions

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.

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