Key Points
- CFO Deanna Lund sold 5,000 shares of Kratos (NASDAQ:KTOS) on March 2 at an average price of $91.28 for $456,400, leaving her with 270,058 shares (a 1.82% reduction); the transaction was disclosed in an SEC filing.
- Company fundamentals and market reaction: KTOS shares dipped about 2.3% to $87.08 amid heavy trading, the firm reported quarterly EPS of $0.18 beating estimates and revenue up 21.9% year-over-year, and analysts hold a consensus "Moderate Buy" with a $98.28 target.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna Lund sold 5,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $91.28, for a total transaction of $456,400.00. Following the transaction, the chief financial officer owned 270,058 shares in the company, valued at approximately $24,650,894.24. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kratos Defense & Security Solutions Stock Down 2.3%
Shares of NASDAQ:KTOS traded down $2.05 during midday trading on Thursday, hitting $87.08. 519,284 shares of the stock were exchanged, compared to its average volume of 4,521,638. The company has a market capitalization of $16.26 billion, a PE ratio of 669.90 and a beta of 1.12. Kratos Defense & Security Solutions, Inc. has a 52-week low of $25.78 and a 52-week high of $134.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.46 and a current ratio of 4.06. The business's fifty day simple moving average is $98.63 and its two-hundred day simple moving average is $85.60.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The firm had revenue of $345.10 million for the quarter, compared to the consensus estimate of $327.51 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business's quarterly revenue was up 21.9% compared to the same quarter last year. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently commented on KTOS. Jefferies Financial Group restated a "hold" rating and issued a $85.00 price objective on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. UBS Group began coverage on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 18th. They set a "neutral" rating and a $79.00 price target on the stock. KeyCorp raised their price target on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Finally, Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.28.
Read Our Latest Report on KTOS
Institutional Trading of Kratos Defense & Security Solutions
Institutional investors and hedge funds have recently modified their holdings of the company. Mcguire Capital Advisors Inc. acquired a new position in Kratos Defense & Security Solutions in the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp lifted its position in Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock worth $29,000 after acquiring an additional 380 shares during the last quarter. TD Waterhouse Canada Inc. bought a new stake in Kratos Defense & Security Solutions during the second quarter valued at about $30,000. Rakuten Securities Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the second quarter valued at about $31,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter valued at about $32,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.
About Kratos Defense & Security Solutions
(
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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