Key Points
- Kratos Defense CFO Deanna Lund sold 5,000 shares on June 1 at an average price of $63.74, totaling $318,700. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Kratos recently beat Wall Street expectations in its latest quarterly results, reporting EPS of $0.16 versus $0.13 expected and revenue of $371 million versus $345 million forecast. Revenue rose 22.6% year over year.
- Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $96.28. However, some firms have trimmed targets recently, including Piper Sandler and BTIG.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna Lund sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $63.74, for a total transaction of $318,700.00. Following the sale, the chief financial officer directly owned 290,161 shares in the company, valued at $18,494,862.14. This trade represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Price Performance
Shares of NASDAQ KTOS opened at $58.43 on Thursday. The firm has a market capitalization of $10.96 billion, a P/E ratio of 343.71 and a beta of 1.04. 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 stock's 50-day simple moving average is $64.39 and its two-hundred day simple moving average is $80.78. Kratos Defense & Security Solutions, Inc. has a twelve month low of $37.90 and a twelve month high of $134.00.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company's revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. As a group, equities analysts anticipate 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
Hedge funds 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 during the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its position in shares of Kratos Defense & Security Solutions by 7,600.0% during the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC boosted its position in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the second quarter valued at approximately $31,000. Finally, Caitlin John LLC bought a new stake in shares of Kratos Defense & Security Solutions during the third quarter valued at approximately $32,000. 75.92% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on KTOS shares. Truist Financial upgraded Kratos Defense & Security Solutions to a "strong-buy" rating in a research report on Friday, May 1st. Citigroup restated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 24th. Canaccord Genuity Group raised their price target on Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Piper Sandler reduced their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a "neutral" rating on the stock in a research report on Thursday, May 7th. Finally, BTIG Research reduced their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $96.28.
View 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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