Key Points
- Director Scot Jarvis sold 5,000 shares on March 12 at an average price of $88.60 for proceeds of $443,000, trimming his stake by 5.53% to 85,417 shares (about $7.57M).
- Kratos beat quarterly expectations, reporting $0.18 EPS vs. $0.14 expected and revenue of $345.1M (up 21.9% year-over-year), though the stock was reported down roughly 2.2% in the session cited.
- Analysts and institutions remain largely bullish: institutional ownership is about 75.9%, several firms have raised price targets (as high as $135), and the consensus rating is a "Moderate Buy" with an average target of $98.28.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) Director Scot Jarvis sold 5,000 shares of the firm's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $88.60, for a total transaction of $443,000.00. Following the completion of the sale, the director owned 85,417 shares of the company's stock, valued at $7,567,946.20. This trade represents a 5.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Kratos Defense & Security Solutions Trading Down 2.2%
Shares of Kratos Defense & Security Solutions stock opened at $87.53 on Friday. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 673.36 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's 50-day simple moving average is $100.19 and its 200-day simple moving average is $86.57. The company has a quick ratio of 3.46, a current ratio of 4.06 and a debt-to-equity ratio of 0.05.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.63% and a return on equity of 3.34%. The firm had revenue of $345.10 million during the quarter, compared to the consensus estimate of $327.51 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm's revenue was up 21.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.
Institutional Trading of Kratos Defense & Security Solutions
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in Kratos Defense & Security Solutions by 22.6% in the first quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company's stock valued at $5,655,000 after purchasing an additional 35,098 shares during the last quarter. Amundi purchased a new position in shares of Kratos Defense & Security Solutions in the first quarter valued at $791,000. NewEdge Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 64.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company's stock worth $39,000 after buying an additional 515 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Kratos Defense & Security Solutions by 178.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company's stock worth $108,000 after buying an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company's stock valued at $11,686,000 after acquiring an additional 41,265 shares during the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Truist Financial set a $135.00 price target on Kratos Defense & Security Solutions in a research note on Friday, January 9th. Citizens Jmp raised their target price on Kratos Defense & Security Solutions from $105.00 to $125.00 and gave the company a "market outperform" rating in a report on Monday, January 12th. KeyCorp boosted their target price on shares of Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 28th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $115.00 price target on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. One 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $98.28.
Check Out Our Latest Research Report on Kratos Defense & Security Solutions
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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