Kratos Defense & Security Solutions (NASDAQ:KTOS) Shares Down 8.1%

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) shares dropped 8.1% on Tuesday . The company traded as low as $17.10 and last traded at $17.10, approximately 1,959,693 shares traded hands during mid-day trading. An increase of 52% from the average daily volume of 1,287,420 shares. The stock had previously closed at $18.60.

KTOS has been the subject of a number of research analyst reports. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research report on Monday, September 23rd. Zacks Investment Research upgraded Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, July 3rd. Noble Financial reiterated a “hold” rating on shares of Kratos Defense & Security Solutions in a research report on Wednesday, September 25th. Canaccord Genuity set a $28.00 price objective on Kratos Defense & Security Solutions and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, BidaskClub upgraded Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Kratos Defense & Security Solutions has an average rating of “Buy” and a consensus target price of $23.67.

The business has a 50-day moving average price of $19.31 and a 200 day moving average price of $19.60. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 100.59, a P/E/G ratio of 10.65 and a beta of 1.33. The company has a current ratio of 2.73, a quick ratio of 2.33 and a debt-to-equity ratio of 0.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, July 31st. The aerospace company reported $0.08 EPS for the quarter, beating 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 company had revenue of $187.90 million during the quarter, compared to the consensus estimate of $178.72 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current year.

In other news, insider David M. Carter sold 14,720 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $19.80, for a total value of $291,456.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Iv Mills sold 6,467 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $19.11, for a total value of $123,584.37. The disclosure for this sale can be found here. Insiders sold 791,932 shares of company stock valued at $15,305,451 in the last 90 days. Corporate insiders own 15.54% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Vanguard Group Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 47.5% in the second quarter. Vanguard Group Inc. now owns 6,284,718 shares of the aerospace company’s stock valued at $143,858,000 after purchasing an additional 2,023,540 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Kratos Defense & Security Solutions by 155.9% in the second quarter. Invesco Ltd. now owns 1,288,099 shares of the aerospace company’s stock valued at $29,485,000 after purchasing an additional 784,721 shares in the last quarter. Impala Asset Management LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 64.8% in the first quarter. Impala Asset Management LLC now owns 1,592,928 shares of the aerospace company’s stock valued at $24,897,000 after purchasing an additional 626,233 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at $8,326,000. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 18.1% in the second quarter. Stephens Investment Management Group LLC now owns 2,034,541 shares of the aerospace company’s stock valued at $46,571,000 after purchasing an additional 312,446 shares in the last quarter. Institutional investors own 83.76% of the company’s stock.

About Kratos Defense & Security Solutions (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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