Key Points
- Insider Jonah Adelman sold 31,348 shares of Kratos Defense & Security Solutions on May 26 at an average price of $57.06, totaling about $1.79 million. After the sale, he retained 8,000 shares, marking a 79.67% reduction in his position.
- Kratos recently reported better-than-expected quarterly results, with EPS of $0.16 versus the $0.13 estimate and revenue of $371 million versus the $345 million forecast. Revenue also rose 22.6% year over year.
- Analysts remain mostly positive on KTOS, with a consensus rating of “Moderate Buy” and an average price target of $96.28. The stock has also drawn attention from institutional investors and recent defense/drone funding headlines.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) Director Bobbi Doorenbos sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $57.29, for a total transaction of $143,225.00. Following the transaction, the director directly owned 12,500 shares of the company's stock, valued at approximately $716,125. This represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Kratos Defense & Security Solutions Price Performance
Shares of NASDAQ:KTOS opened at $65.19 on Friday. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. Kratos Defense & Security Solutions, Inc. has a 12 month low of $35.88 and a 12 month high of $134.00. The stock has a market cap of $12.22 billion, a P/E ratio of 383.47 and a beta of 1.06. The company has a 50 day moving average of $66.49 and a 200 day moving average of $81.17.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million during the quarter, compared to analysts' expectations of $345.00 million. During the same quarter in the previous year, the company earned $0.12 EPS. The business's quarterly revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On Kratos Defense & Security Solutions
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Kratos Defense & Security Solutions by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company's stock valued at $337,565,000 after buying an additional 148,622 shares during the last quarter. Morgan Stanley raised its holdings in Kratos Defense & Security Solutions by 3.9% during the 4th quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company's stock valued at $251,345,000 after buying an additional 124,607 shares during the last quarter. First Trust Advisors LP raised its holdings in Kratos Defense & Security Solutions by 29.5% during the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company's stock valued at $280,402,000 after buying an additional 698,778 shares during the last quarter. Invesco Ltd. raised its holdings in Kratos Defense & Security Solutions by 7.4% during the 3rd quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company's stock valued at $278,331,000 after buying an additional 209,189 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Kratos Defense & Security Solutions by 1,389.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company's stock valued at $247,409,000 after buying an additional 2,525,921 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.
Key Kratos Defense & Security Solutions News
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Citizens Jmp cut their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $105.00 and set a "market outperform" rating for the company in a research note on Friday, May 8th. BNP Paribas Exane upped their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday, May 7th. Clear Str raised shares of Kratos Defense & Security Solutions to a "strong-buy" rating in a research note on Wednesday, April 29th. Jefferies Financial Group set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Sunday, May 10th. Finally, BTIG Research cut their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, May 7th. Three 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.28.
View 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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