Key Points
- Phillip Carrai sold 6,500 shares of Kratos Defense & Security Solutions on May 15 at an average price of $52.13, for a total of $338,845. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Kratos recently reported better-than-expected quarterly results, with EPS of $0.16 versus the $0.13 estimate and revenue of $371 million, up 22.6% from a year earlier. The company also highlighted ongoing strength in defense demand and a record backlog.
- Analysts remain generally positive on KTOS, with several recent upgrades and a consensus rating of Moderate Buy. The average price target cited in the article is $96.28.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 1,013 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $53.49, for a total value of $54,185.37. Following the sale, the senior vice president directly owned 65,996 shares in the company, valued at approximately $3,530,126.04. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Marie Mendoza also recently made the following trade(s):
- On Wednesday, April 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $75.69, for a total value of $113,535.00.
- On Monday, March 16th, Marie Mendoza sold 1,516 shares of Kratos Defense & Security Solutions stock. The shares were sold at an average price of $88.97, for a total value of $134,878.52.
Kratos Defense & Security Solutions Price Performance
NASDAQ:KTOS opened at $53.47 on Wednesday. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The business's 50-day simple moving average is $71.09 and its two-hundred day simple moving average is $82.48. The stock has a market cap of $10.03 billion, a PE ratio of 314.53 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 52 week low of $34.06 and a 52 week high of $134.00.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million for the quarter, compared to analysts' expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business's quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. As a group, analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.
Kratos Defense & Security Solutions News Summary
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
- Positive Sentiment: Kratos continues to benefit from rising defense spending and demand for unmanned systems, with recent results showing 22.6% revenue growth and a record backlog.
- Neutral Sentiment: A market article singled out KTOS as a long-term growth name after its pullback, arguing the recent weakness may have improved the entry point versus earlier highs. 3 Undervalued Stocks to Buy Before the Market's Next Big Move
- Negative Sentiment: Director and executive insider sales, including a 3,000-share sale by Bradley L. Boyd and additional sales by Phillip D. Carrai and Marie Mendoza, may be adding pressure to the stock. SEC filing
Institutional Investors Weigh In On Kratos Defense & Security Solutions
Large investors have recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth about $25,000. Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth about $32,000. Atlantic Union Bankshares Corp increased its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock worth $29,000 after purchasing an additional 380 shares during the last quarter. Whittier Trust Co. bought a new stake in Kratos Defense & Security Solutions during the third quarter worth approximately $38,000. Finally, Accredited Wealth Management LLC increased its stake in Kratos Defense & Security Solutions by 193.5% during the third quarter. Accredited Wealth Management LLC now owns 408 shares of the aerospace company's stock worth $37,000 after acquiring an additional 269 shares during the last quarter. 75.92% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on KTOS shares. Noble Financial reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, January 20th. Piper Sandler reduced their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, May 7th. Royal Bank Of Canada reduced their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. Truist Financial raised Kratos Defense & Security Solutions to a "strong-buy" rating in a report on Friday, May 1st. Finally, Canaccord Genuity Group lifted their target price on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $96.28.
View Our Latest Analysis on KTOS
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.
Further Reading
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