Key Points
- Kratos insider Steven Fendley sold 14,000 shares for $473,900 at an average price of $33.85, reducing his stake by 4.86% to 274,176 shares.
- KTOS shares fell 2.4% to $33.91 in Friday trading. The stock was well below its 50-day and 200-day moving averages.
- Kratos beat quarterly earnings expectations, reporting $0.24 per share versus $0.21 expected, while revenue grew 35.7% year over year to $471.8 million. Analysts’ consensus rating was Moderate Buy, with an average price target of $77.40.
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven Fendley sold 14,000 shares of the company's stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $33.85, for a total transaction of $473,900.00. Following the transaction, the insider directly owned 274,176 shares in the company, valued at $9,280,857.60. The trade was a 4.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Kratos Defense & Security Solutions Trading Down 2.4%
KTOS stock traded down $0.84 during midday trading on Friday, hitting $33.91. The stock had a trading volume of 5,000,241 shares, compared to its average volume of 4,812,484. The firm has a market cap of $6.38 billion, a PE ratio of 282.58 and a beta of 1.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.42 and a quick ratio of 4.87. Kratos Defense & Security Solutions, Inc. has a 12-month low of $31.57 and a 12-month high of $134.00. The company's 50-day moving average price is $42.11 and its 200 day moving average price is $60.59.
Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The aerospace company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.18% and a net margin of 1.34%. The company had revenue of $471.80 million during the quarter, compared to the consensus estimate of $471.40 million. During the same period in the previous year, the firm posted $0.14 EPS. Kratos Defense & Security Solutions's revenue was up 35.7% on a year-over-year basis. On average, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.59 earnings per share for the current fiscal year.
Institutional Trading of Kratos Defense & Security Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new position in Kratos Defense & Security Solutions during the second quarter valued at approximately $25,000. Vision Retirement LLC increased its position in shares of Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company's stock worth $30,000 after acquiring an additional 317 shares in the last quarter. Balance Wealth Partners LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the third quarter worth $30,000. Provenance Wealth Advisors LLC raised its stake in shares of Kratos Defense & Security Solutions by 128.9% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 744 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 419 shares during the period. Finally, Compass Financial Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 75.92% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on KTOS. Stifel Nicolaus dropped their price objective on shares of Kratos Defense & Security Solutions from $134.00 to $115.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Citizens Jmp decreased their target price on shares of Kratos Defense & Security Solutions from $105.00 to $70.00 and set a "market outperform" rating on the stock in a research report on Monday, October 19th. Zacks Research upgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "strong-buy" rating in a report on Friday, October 23rd. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, October 19th. Finally, Rothschild & Co Redburn assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 6th. They set a "buy" rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.40.
Read Our Latest Report on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Company Profile
(
Get Free Report)
Kratos Defense & Security Solutions is a defense technology company that develops products and services for U.S. government agencies, national security organizations, and allied governments. Its work spans unmanned systems, satellite communications, microwave electronics, command-and-control systems, and training and simulation. The company's offerings include unmanned aerial vehicles and target drones, as well as systems and components used in space and satellite communications and other defense applications.
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