Key Points
- Insider sale: Kratos Defense & Security Solutions insider Stacey Rock sold 4,000 shares at $65.47 each, a transaction worth about $261,880. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Recent operating results were strong: The company reported quarterly EPS of $0.16, beating estimates of $0.13, while revenue rose 22.6% year over year to $371 million and also came in above expectations.
- Sentiment remains mixed but constructive: Analysts currently have a consensus Moderate Buy rating with an average price target of $96.28, even as the stock trades below its 200-day moving average and several insiders have recently sold shares.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Stacey Rock sold 4,000 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $65.47, for a total transaction of $261,880.00. Following the transaction, the insider directly owned 13,896 shares in the company, valued at approximately $909,771.12. This represents a 22.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Trading Down 1.6%
Shares of NASDAQ KTOS opened at $64.13 on Friday. The company's fifty day moving average is $65.91 and its 200-day moving average is $81.05. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 377.24 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a twelve month low of $35.88 and a twelve month high of $134.00. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to analysts' expectations of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.
Trending Headlines about Kratos Defense & Security Solutions
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
Hedge Funds Weigh In On Kratos Defense & Security Solutions
Hedge funds have recently made changes to their positions in the business. Mission Wealth Management LP acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $1,828,000. M&T Bank Corp increased its stake in Kratos Defense & Security Solutions by 6,900.4% in the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company's stock valued at $13,423,000 after buying an additional 174,305 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $21,013,000. JPMorgan Chase & Co. increased its stake in Kratos Defense & Security Solutions by 93.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company's stock valued at $88,170,000 after buying an additional 465,100 shares during the last quarter. Finally, Barclays PLC increased its stake in Kratos Defense & Security Solutions by 16.3% in the 3rd quarter. Barclays PLC now owns 413,514 shares of the aerospace company's stock valued at $37,783,000 after buying an additional 57,906 shares during the last quarter. 75.92% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. BNP Paribas Exane raised their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a "strong-buy" rating in a report on Friday, May 1st. Royal Bank Of Canada dropped their price objective on shares of 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. Finally, BTIG Research dropped their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.28.
Check Out Our Latest Stock 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.
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