Key Points
- Amy Zegart, a director at Kratos, sold 10,000 shares on December 1 at an average price of $74.17 for a total of $741,700, according to an SEC filing.
- Kratos beat Q3 expectations (EPS $0.14 vs. $0.12; revenue $347.6M, up 26% year-over-year) and analysts project roughly $0.31 EPS for the current year.
- Several firms have raised price targets (e.g., Canaccord to $120, Stifel to $112), leaving a consensus rating of Moderate Buy with an average target of $82.06.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) Director Amy Zegart sold 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $74.17, for a total transaction of $741,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Kratos Defense & Security Solutions Price Performance
KTOS opened at $72.78 on Thursday. The company has a fifty day moving average price of $84.21 and a two-hundred day moving average price of $65.06. The firm has a market capitalization of $12.29 billion, a PE ratio of 559.89 and a beta of 1.14. Kratos Defense & Security Solutions, Inc. has a 52 week low of $23.90 and a 52 week high of $112.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.30.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The business had revenue of $347.60 million for the quarter, compared to analyst estimates of $323.01 million. During the same period last year, the company earned $0.11 EPS. The firm's revenue was up 26.0% on a year-over-year basis. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Costello Asset Management INC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $29,000. TD Waterhouse Canada Inc. bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at $30,000. Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the second quarter worth $31,000. Bayforest Capital Ltd bought a new stake in Kratos Defense & Security Solutions during the third quarter worth $32,000. Finally, Caitlin John LLC acquired a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. 75.92% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have weighed in on KTOS. Canaccord Genuity Group lifted their target price on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. BTIG Research raised their price target on Kratos Defense & Security Solutions from $80.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 6th. Stifel Nicolaus lifted their price objective on Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the company an "outperform" rating in a research report on Friday, September 26th. Finally, B. Riley cut Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and increased their target price for the stock from $72.00 to $105.00 in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and an average price target of $82.06.
Get Our Latest Stock Analysis on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Company Profile
(
Get Free Report)
Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.
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