Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) from a hold rating to a buy rating in a research note issued to investors on Tuesday, August 1st. The brokerage currently has $12.00 price target on the aerospace company’s stock.

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 equities analysts also recently issued research reports about the stock. B. Riley restated a buy rating and set a $16.00 price objective on shares of Kratos Defense & Security Solutions in a report on Sunday, July 16th. Noble Financial reiterated a buy rating on shares of Kratos Defense & Security Solutions in a report on Saturday, May 6th. SunTrust Banks, Inc. downgraded 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 report on Friday, July 14th. BidaskClub downgraded shares of Kratos Defense & Security Solutions from a strong-buy rating to a buy rating in a report on Tuesday, August 1st. Finally, Canaccord Genuity reiterated a buy rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $12.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) traded up 0.57% during mid-day trading on Tuesday, hitting $12.29. 829,255 shares of the company traded hands. The firm has a 50 day moving average of $12.02 and a 200 day moving average of $9.70. Kratos Defense & Security Solutions has a one year low of $5.23 and a one year high of $13.02. The firm’s market capitalization is $1.07 billion.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Thursday, July 27th. The aerospace company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $185.70 million during the quarter, compared to the consensus estimate 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 firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share. Equities research analysts expect that Kratos Defense & Security Solutions will post $0.10 earnings per share for the current fiscal year.

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In other news, CEO Eric M. Demarco acquired 8,905 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $11.19 per share, with a total value of $99,646.95. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 23.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of KTOS. SG Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $15,458,000. Capital World Investors increased its stake in shares of Kratos Defense & Security Solutions by 32.2% in the second quarter. Capital World Investors now owns 4,487,000 shares of the aerospace company’s stock worth $53,261,000 after buying an additional 1,092,000 shares during the period. Emerald Advisers Inc. PA increased its stake in shares of Kratos Defense & Security Solutions by 51.8% in the first quarter. Emerald Advisers Inc. PA now owns 2,059,710 shares of the aerospace company’s stock worth $16,025,000 after buying an additional 702,505 shares during the period. State Street Corp increased its stake in shares of Kratos Defense & Security Solutions by 48.7% in the first quarter. State Street Corp now owns 2,109,740 shares of the aerospace company’s stock worth $16,414,000 after buying an additional 691,425 shares during the period. Finally, Castleark Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter worth about $7,880,000. 74.36% of the stock is owned by institutional investors and hedge funds.

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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