Key Points
- Director Scott Anderson sold 15,401 shares on December 15 at an average price of $74.51 for a total of about $1.15 million, shrinking his stake by 18.84% to 66,334 shares (valued ~ $4.94 million).
- Kratos recently beat quarterly estimates (EPS $0.14 vs $0.12; revenue $347.6M vs $323.0M, +26% YoY), has a $12.1B market cap and ~75.9% institutional ownership, and carries a consensus analyst rating of "Moderate Buy" with a $82.06 target.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 1,567 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $76.27, for a total value of $119,515.09. Following the completion of the sale, the senior vice president directly owned 57,536 shares of the company's stock, valued at approximately $4,388,270.72. The trade was a 2.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Marie Mendoza also recently made the following trade(s):
- On Monday, November 17th, Marie Mendoza sold 1,408 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $72.09, for a total transaction of $101,502.72.
- On Wednesday, October 15th, Marie Mendoza sold 1,440 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $97.10, for a total transaction of $139,824.00.
Kratos Defense & Security Solutions Trading Up 2.3%
KTOS stock traded up $1.57 during midday trading on Thursday, hitting $71.34. The stock had a trading volume of 240,263 shares, compared to its average volume of 3,458,650. The company has a current ratio of 4.30, a quick ratio of 3.68 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.05 billion, a P/E ratio of 548.18 and a beta of 1.14. The business has a fifty day moving average price of $80.47 and a two-hundred day moving average price of $67.83. Kratos Defense & Security Solutions, Inc. has a 1-year low of $23.90 and a 1-year high of $112.57.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $347.60 million during the quarter, compared to analyst estimates of $323.01 million. Kratos Defense & Security Solutions had a return on equity of 3.14% and a net margin of 1.56%.The business's quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on KTOS shares. JMP Securities lifted their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $105.00 and gave the company a "market outperform" rating in a research note on Thursday, October 2nd. Stifel Nicolaus increased their price objective on shares of Kratos Defense & Security Solutions from $70.00 to $112.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on Kratos Defense & Security Solutions in a research report on Tuesday, November 18th. They issued a "neutral" rating and a $80.00 target price for the company. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $78.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, October 15th. Finally, BNP Paribas set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $82.06.
Check Out Our Latest Stock Analysis on KTOS
Hedge Funds Weigh In On Kratos Defense & Security Solutions
A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC raised its stake in Kratos Defense & Security Solutions by 3.8% during the 2nd quarter. CWM LLC now owns 4,722 shares of the aerospace company's stock valued at $219,000 after buying an additional 171 shares during the last quarter. Red Mountain Financial LLC grew its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the second quarter. Red Mountain Financial LLC now owns 10,500 shares of the aerospace company's stock worth $488,000 after acquiring an additional 200 shares during the period. NewEdge Advisors LLC increased its position in Kratos Defense & Security Solutions by 15.2% during the second quarter. NewEdge Advisors LLC now owns 1,515 shares of the aerospace company's stock valued at $70,000 after acquiring an additional 200 shares during the last quarter. USA Financial Formulas lifted its holdings in Kratos Defense & Security Solutions by 15.7% in the third quarter. USA Financial Formulas now owns 1,660 shares of the aerospace company's stock valued at $152,000 after acquiring an additional 225 shares during the period. Finally, MRP Capital Investments LLC boosted its position in Kratos Defense & Security Solutions by 11.1% in the second quarter. MRP Capital Investments LLC now owns 2,500 shares of the aerospace company's stock worth $116,000 after purchasing an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.
About Kratos Defense & Security Solutions
(
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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