Key Points
- Kratos CEO Eric Demarco sold 200,000 shares on Dec. 22 at an average price of $80.53 for a total of $16.106M, reducing his holding by 20.08% to 796,237 shares (disclosed in an SEC filing).
- Company and market context: KTOS trades around $82.30 with a $13.9B market cap and a very high P/E (~633); the firm recently beat quarterly estimates (EPS $0.14 vs $0.12) with 26% YoY revenue growth and carries an analyst consensus of "Moderate Buy" with an average target of about $82.53.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CEO Eric Demarco sold 200,000 shares of the company's stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $80.53, for a total value of $16,106,000.00. Following the sale, the chief executive officer owned 796,237 shares of the company's stock, valued at approximately $64,120,965.61. This trade represents a 20.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Kratos Defense & Security Solutions Trading Up 0.9%
Shares of NASDAQ:KTOS opened at $82.30 on Wednesday. The stock's 50-day simple moving average is $78.99 and its two-hundred day simple moving average is $69.10. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 633.13 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 released its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.14 EPS for the quarter, beating 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 net margin of 1.56% and a return on equity of 3.14%. The business's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. Analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on KTOS shares. Jefferies Financial Group reissued a "hold" rating and set a $85.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Thursday, November 6th. Stifel Nicolaus boosted their price target 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. Noble Financial reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on Kratos Defense & Security Solutions from $74.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, October 9th. Finally, Robert W. Baird increased their target price on shares of Kratos Defense & Security Solutions from $70.00 to $87.00 and gave the stock an "outperform" rating in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $82.53.
Read Our Latest Report on Kratos Defense & Security Solutions
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Kratos Defense & Security Solutions by 13.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,888 shares of the aerospace company's stock valued at $86,000 after buying an additional 335 shares in the last quarter. Walleye Capital LLC purchased a new position in Kratos Defense & Security Solutions during the first quarter valued at $266,000. Comerica Bank grew its stake in Kratos Defense & Security Solutions by 3.3% during the first quarter. Comerica Bank now owns 130,697 shares of the aerospace company's stock valued at $3,880,000 after acquiring an additional 4,196 shares in the last quarter. Corebridge Financial Inc. increased its holdings in Kratos Defense & Security Solutions by 5.2% in the 1st quarter. Corebridge Financial Inc. now owns 77,422 shares of the aerospace company's stock valued at $2,299,000 after acquiring an additional 3,860 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in Kratos Defense & Security Solutions by 2,000.5% in the 1st quarter. Truvestments Capital LLC now owns 34,722 shares of the aerospace company's stock worth $1,031,000 after purchasing an additional 33,069 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.
Kratos Defense & Security Solutions Company Profile
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Get Free Report)
Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm's core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.
In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.
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