Kratos Defense & Security Solutions (KTOS) Trading Up 1.5%

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) was up 1.5% during trading on Thursday . The stock traded as high as $15.00 and last traded at $15.20. Approximately 1,207,838 shares traded hands during trading, an increase of 43% from the average daily volume of 842,576 shares. The stock had previously closed at $14.97.

Several equities research analysts have commented on KTOS shares. BidaskClub raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 17th. Zacks Investment Research raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Friday. ValuEngine raised shares of Kratos Defense & Security Solutions from a “buy” rating to a “strong-buy” rating in a report on Wednesday. B. Riley reaffirmed a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Wednesday. Finally, Noble Financial reaffirmed a “buy” rating and set a $20.00 price objective on shares of Kratos Defense & Security Solutions in a report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Kratos Defense & Security Solutions has an average rating of “Buy” and an average price target of $14.75.

The firm has a market cap of $1.55 billion, a P/E ratio of 388.50, a PEG ratio of 17.36 and a beta of 2.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.59 and a current ratio of 2.89.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Tuesday, November 6th. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. Kratos Defense & Security Solutions had a negative net margin of 4.64% and a positive return on equity of 3.99%. The firm had revenue of $159.40 million for the quarter, compared to the consensus estimate of $157.65 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Analysts predict that Kratos Defense & Security Solutions, Inc will post 0.12 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. HAP Trading LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $496,000. FMR LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 44.3% in the third quarter. FMR LLC now owns 8,722,104 shares of the aerospace company’s stock worth $128,913,000 after buying an additional 2,676,121 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 22.1% in the third quarter. Bank of New York Mellon Corp now owns 545,662 shares of the aerospace company’s stock worth $8,065,000 after buying an additional 98,859 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 4.1% in the third quarter. Granite Investment Partners LLC now owns 1,255,216 shares of the aerospace company’s stock worth $18,552,000 after buying an additional 49,862 shares in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $3,422,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.

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Kratos Defense & Security Solutions Company Profile (NASDAQ:KTOS)

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. 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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