Key Points
- Insider sale: Steven Fendley sold 7,000 Kratos shares for approximately $393,120 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 2.37% to 288,111 shares.
- Strong quarterly performance: Kratos reported quarterly EPS of $0.21 versus analysts’ $0.14 estimate, while revenue rose 30.5% year over year to $458.8 million, exceeding expectations.
- Analyst and institutional sentiment: The stock has a “Moderate Buy” consensus rating with a $99.47 average price target, while institutional investors own 75.92% of outstanding shares.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven Fendley sold 7,000 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $56.16, for a total transaction of $393,120.00. Following the completion of the transaction, the insider owned 288,111 shares of the company's stock, valued at $16,180,313.76. This represents a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Stock Up 0.6%
KTOS opened at $52.93 on Thursday. Kratos Defense & Security Solutions, Inc. has a one year low of $43.09 and a one year high of $134.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.99 and a current ratio of 5.54. The stock has a market capitalization of $9.94 billion, a P/E ratio of 311.35 and a beta of 1.08. The business's 50-day simple moving average is $52.54 and its 200-day simple moving average is $65.73.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The firm had revenue of $458.80 million for the quarter, compared to the consensus estimate of $410.36 million. During the same quarter last year, the business posted $0.11 EPS. The firm's quarterly revenue was up 30.5% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on KTOS shares. Royal Bank Of Canada decreased their price target on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Cantor Fitzgerald reduced their target price on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set an "overweight" rating for the company in a report on Tuesday, August 4th. Clear Str upgraded shares of Kratos Defense & Security Solutions to a "strong-buy" rating in a research note on Wednesday, April 29th. BNP Paribas Exane boosted their price target on 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. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $99.00 to $82.00 in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.47.
Get Our Latest Analysis on Kratos Defense & Security Solutions
Institutional Investors Weigh In On Kratos Defense & Security Solutions
A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in Kratos Defense & Security Solutions by 5,429.2% in the second quarter. California State Teachers Retirement System now owns 10,840,811 shares of the aerospace company's stock worth $540,523,000 after acquiring an additional 10,644,746 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 3.5% in 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 purchasing an additional 148,622 shares in the last quarter. Morgan Stanley lifted its stake in shares of Kratos Defense & Security Solutions by 3.9% in the fourth quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company's stock valued at $251,345,000 after purchasing an additional 124,607 shares during the period. Invesco Ltd. boosted its holdings in Kratos Defense & Security Solutions by 7.4% during the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company's stock worth $278,331,000 after buying an additional 209,189 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Kratos Defense & Security Solutions by 13.6% during the 3rd quarter. Northern Trust Corp now owns 2,072,700 shares of the aerospace company's stock worth $189,383,000 after acquiring an additional 247,652 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.
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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