Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Gap Up to $19.10

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares gapped up before the market opened on Monday . The stock had previously closed at $19.00, but opened at $19.10. Kratos Defense & Security Solutions shares last traded at $19.08, with a volume of 41,427 shares changing hands.

A number of analysts recently commented on KTOS shares. JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $24.00 in a research note on Friday, May 24th. Noble Financial lowered Kratos Defense & Security Solutions from an “outperform” rating to a “market perform” rating and set a $22.35 price objective on the stock. in a research note on Wednesday, June 5th. Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price objective (up previously from $19.00) on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. ValuEngine lowered Kratos Defense & Security Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $24.00 to $26.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $23.67.

The business has a 50 day simple moving average of $22.27 and a 200-day simple moving average of $19.01. 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 stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 112.88, a price-to-earnings-growth ratio of 10.49 and a beta of 1.25.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, July 31st. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $187.90 million for the quarter, compared to analyst estimates of $178.72 million. During the same period last year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. Research analysts predict that Kratos Defense & Security Solutions, Inc will post 0.23 EPS for the current year.

In other news, insider Thomas E. Iv Mills sold 6,467 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $19.11, for a total value of $123,584.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Marie Mendoza sold 13,993 shares of the firm’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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 777,212 shares of company stock worth $15,013,995. Company insiders own 15.54% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in KTOS. PNC Financial Services Group Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $31,000. Marshall Wace LLP purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $35,000. Advisory Services Network LLC raised its holdings in shares of Kratos Defense & Security Solutions by 795.6% during the 1st quarter. Advisory Services Network LLC now owns 4,478 shares of the aerospace company’s stock valued at $70,000 after buying an additional 3,978 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $81,000. Finally, US Bancorp DE raised its holdings in shares of Kratos Defense & Security Solutions by 30.6% during the 2nd quarter. US Bancorp DE now owns 3,739 shares of the aerospace company’s stock valued at $85,000 after buying an additional 877 shares during the period. Institutional investors own 81.60% of the company’s stock.

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 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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