Key Points
- CFO Deanna Lund sold 7,000 Kratos shares at an average price of $48.78, totaling approximately $341,460. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced her direct ownership by 2.5%.
- Kratos reported quarterly EPS of $0.21, beating the $0.14 consensus estimate, while revenue rose 30.5% year over year to $458.8 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $98.06.
- Shares opened at $46.16, with a market capitalization of about $8.67 billion and a 12-month trading range of $43.09 to $134.00. The company also recently advanced its next-generation defense propulsion work through a successful GEK800 turbofan engine ignition with GE Aerospace.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna Lund sold 7,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $48.78, for a total value of $341,460.00. Following the completion of the sale, the chief financial officer directly owned 273,511 shares of the company's stock, valued at $13,341,866.58. The trade was a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kratos Defense & Security Solutions Stock Performance
Shares of KTOS opened at $46.16 on Thursday. The company's 50 day simple moving average is $51.64 and its 200-day simple moving average is $59.59. The firm has a market cap of $8.67 billion, a PE ratio of 271.53 and a beta of 1.11. Kratos Defense & Security Solutions, Inc. has a 12-month low of $43.09 and a 12-month high of $134.00. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04.
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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.07. The firm had revenue of $458.80 million during the quarter, compared to the consensus estimate of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. Kratos Defense & Security Solutions's revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current year.
Key Kratos Defense & Security Solutions News
Here are the key news stories impacting Kratos Defense & Security Solutions this week:
- Positive Sentiment: Kratos and GE Aerospace successfully ignited the jointly developed GEK800 turbofan engine. The milestone supports development of scalable, lower-cost propulsion for drones and cruise missiles and could strengthen Kratos’ position in next-generation defense programs. Full Throttle: Kratos and GE Fire Up a Next-Gen Defense Engine
- Positive Sentiment: Growing geopolitical concern over drone attacks and critical-infrastructure vulnerabilities is keeping investor attention on defense companies involved in unmanned systems, propulsion, and counter-drone technologies. Kratos was highlighted among drone-defense stocks with revenue-growth potential. 3 Drone Defense Stocks With Revenue Growth Up To 44%
- Neutral Sentiment: Additional defense-sector coverage linked Kratos and peers to increased Arctic defense and logistics spending. The theme may support industry demand, but the article did not announce a new Kratos contract or financial forecast. AeroVironment Stock And 2 Other Top Defense Stocks
- Negative Sentiment: CFO Deanna Lund sold 7,000 KTOS shares for approximately $341,460 under a pre-arranged Rule 10b5-1 plan, reducing her ownership by 2.5%. While the planned nature of the transaction limits its value as a signal about business conditions, it may weigh on sentiment. SEC insider transaction filing
- Negative Sentiment: Recent reporting indicates Kratos insiders have made multiple sales and no open-market purchases over the past six months. That pattern can increase selling pressure, particularly after a strong prior run, even though the company’s recent operating announcements have been constructive. Kratos shares slip as insider sale filing weighs on sentiment
Institutional Trading of Kratos Defense & Security Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Kratos Defense & Security Solutions by 45.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,605 shares of the aerospace company's stock worth $628,000 after acquiring an additional 3,965 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Kratos Defense & Security Solutions by 29.8% during the second quarter. Sequoia Financial Advisors LLC now owns 140,856 shares of the aerospace company's stock worth $7,023,000 after purchasing an additional 32,315 shares in the last quarter. Engineers Gate Manager LP lifted its position in Kratos Defense & Security Solutions by 53.2% in the second quarter. Engineers Gate Manager LP now owns 6,885 shares of the aerospace company's stock valued at $343,000 after purchasing an additional 2,391 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Kratos Defense & Security Solutions in the 2nd quarter valued at approximately $119,000. Finally, IFP Advisors Inc boosted its holdings in Kratos Defense & Security Solutions by 103.6% in the 2nd quarter. IFP Advisors Inc now owns 7,422 shares of the aerospace company's stock valued at $370,000 after purchasing an additional 3,777 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.
Analyst Ratings Changes
KTOS has been the subject of several recent research reports. Truist Financial decreased their target price on shares of Kratos Defense & Security Solutions from $135.00 to $104.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Guggenheim assumed coverage on Kratos Defense & Security Solutions in a research report on Monday, September 14th. They issued a "buy" rating and a $74.00 price target on the stock. Cantor Fitzgerald decreased their price objective on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an "overweight" rating for the company in a research report on Tuesday, August 4th. Citigroup reiterated a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered Kratos Defense & Security Solutions from a "hold (c)" rating to a "sell (d+)" rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $98.06.
Read Our Latest Stock Analysis on KTOS
Kratos Defense & Security Solutions Company Profile
(
Get Free Report)
Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.
Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.
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