Zacks Investment Research lowered shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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. “

A number of other analysts have also recently commented on KTOS. B. Riley restated a buy rating and issued a $9.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Monday, December 5th. Canaccord Genuity initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, January 17th. They issued a buy rating and a $10.00 price objective for the company. SunTrust Banks, Inc. started coverage on shares of Kratos Defense & Security Solutions in a research report on Thursday, January 19th. They issued a buy rating and a $9.00 price objective for the company. Jefferies Group LLC set a $10.00 target price on Kratos Defense & Security Solutions and gave the stock a hold rating in a report on Tuesday, February 28th. Finally, Seaport Global Securities started coverage on Kratos Defense & Security Solutions in a report on Friday, March 17th. They set a buy rating and a $10.00 target price for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $9.50.

Kratos Defense & Security Solutions (NASDAQ:KTOS) opened at 7.57 on Tuesday. Kratos Defense & Security Solutions has a one year low of $3.75 and a one year high of $9.19. The company’s 50-day moving average price is $7.69 and its 200-day moving average price is $7.39. The firm’s market cap is $564.21 million.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Monday, February 27th. The aerospace company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.07. Kratos Defense & Security Solutions had a negative net margin of 9.06% and a negative return on equity of 3.73%. The business earned $182.10 million during the quarter, compared to analysts’ expectations of $177.74 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions will post $0.08 EPS for the current year.

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In other news, Director Bandel L. Carano bought 275,862 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was acquired at an average cost of $7.25 per share, for a total transaction of $1,999,999.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 23.20% of the company’s stock.

A number of large investors have recently modified their holdings of KTOS. Oak Management Corp increased its stake in shares of Kratos Defense & Security Solutions by 7.0% in the fourth quarter. Oak Management Corp now owns 12,658,345 shares of the aerospace company’s stock valued at $93,672,000 after buying an additional 833,000 shares during the period. Cortina Asset Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $5,426,000. State Street Corp increased its stake in shares of Kratos Defense & Security Solutions by 56.8% in the fourth quarter. State Street Corp now owns 1,418,315 shares of the aerospace company’s stock valued at $10,498,000 after buying an additional 514,063 shares during the period. S Squared Technology LLC increased its stake in shares of Kratos Defense & Security Solutions by 30.8% in the fourth quarter. S Squared Technology LLC now owns 1,951,938 shares of the aerospace company’s stock valued at $14,444,000 after buying an additional 459,700 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter valued at about $2,519,000. Institutional investors and hedge funds own 62.10% of the company’s stock.

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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