Key Points
- Insider sale: Kratos Defense & Security Solutions insider Phillip Carrai sold 6,500 shares for $375,310 at an average price of $57.74. After the transaction, he still held 215,052 shares, and the trade was made under a pre-arranged Rule 10b5-1 plan.
- Strong quarterly results: The company recently reported $0.16 EPS on revenue of $371 million, both ahead of analyst expectations. Revenue rose 22.6% year over year, though profitability remained modest.
- Analyst sentiment remains positive: Wall Street coverage is generally constructive, with a consensus rating of Moderate Buy and an average target price of $101.35. Several firms maintained or upgraded bullish ratings, including Cantor Fitzgerald’s $115 price target.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) SVP Marie Mendoza sold 1,500 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $57.93, for a total transaction of $86,895.00. Following the sale, the senior vice president directly owned 64,447 shares of the company's stock, valued at approximately $3,733,414.71. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Friday, May 15th, Marie Mendoza sold 1,013 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $53.49, for a total transaction of $54,185.37.
- On Wednesday, April 15th, Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock. The stock was sold at an average price of $75.69, for a total transaction of $113,535.00.
Kratos Defense & Security Solutions Stock Performance
Shares of KTOS stock opened at $56.16 on Thursday. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 330.35 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week 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. The firm has a 50 day moving average of $61.58 and a 200-day moving average of $79.77.
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, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The company's quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on KTOS shares. BNP Paribas Exane lifted their price target on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Weiss Ratings reissued a "hold (c)" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Piper Sandler reduced their price target on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a "neutral" rating for the company in a research report on Thursday, May 7th. BTIG Research reduced their price target on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $99.00 to $82.00 in a research report on Friday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four 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 a consensus target price of $101.35.
Check Out Our Latest Stock Analysis on Kratos Defense & Security Solutions
Hedge Funds Weigh In On Kratos Defense & Security Solutions
A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company's stock worth $5,655,000 after purchasing an additional 35,098 shares during the period. Amundi bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $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 purchasing an additional 515 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Kratos Defense & Security Solutions by 178.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company's stock worth $108,000 after purchasing an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Kratos Defense & Security Solutions by 11.7% during 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 worth $11,686,000 after purchasing an additional 41,265 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.
Kratos Defense & Security Solutions Company Profile
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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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