Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) insider Steven Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $58.23, for a total value of $2,038,050.00. Following the completion of the sale, the insider directly owned 309,087 shares in the company, valued at approximately $17,998,136.01. This represents a 10.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Kratos Defense & Security Solutions Stock Down 2.4%
Kratos Defense & Security Solutions stock traded down $1.37 during midday trading on Wednesday, reaching $54.82. The stock had a trading volume of 2,728,439 shares, compared to its average volume of 4,711,833. The firm’s fifty day simple moving average is $62.80 and its 200-day simple moving average is $80.36. Kratos Defense & Security Solutions, Inc. has a 1-year low of $37.90 and a 1-year high of $134.00. The stock has a market capitalization of $10.28 billion, a P/E ratio of 322.47 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The business had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter last year, the firm earned $0.12 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.
Kratos Defense & Security Solutions News Roundup
- Positive Sentiment: Kratos announced a major expansion of Spartan turbojet engine production, targeting 3,000 engines next year to meet rising demand from missile and loitering munition programs, which could boost future revenue visibility. Article: Kratos Expands Production of Spartan Engines to Support Growing Missile and Loitering Munition Demand
- Positive Sentiment: Analysts noted Kratos is building a growth engine in hypersonics and autonomous systems, with Valkyrie drone production and improving Unmanned Systems profitability supporting the longer-term investment case. Article: Is KTOS Building a Growth Engine in Hypersonics & Autonomous Systems?
- Neutral Sentiment: Insider David M. Carter sold 4,000 shares under a pre-arranged 10b5-1 plan; the sale was disclosed properly, but insider selling can still weigh on sentiment. Article: Insider sale filing
- Negative Sentiment: Recent commentary suggested KTOS may be priced for a lot of growth after its multiyear run, adding to valuation concerns that could be contributing to the stock’s weakness. Article: Is Kratos Defense & Security Solutions (KTOS) Pricing In Too Much After Its Multiyear Run?
Wall Street Analysts Forecast Growth
KTOS has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price objective on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. BNP Paribas Exane upped their price objective on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Citizens Jmp dropped their price objective on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a research note on Friday, May 8th. Finally, UBS Group reiterated a “neutral” rating and set a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.28.
Get Our Latest Research Report on KTOS
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Greenleaf Trust increased its holdings in shares of Kratos Defense & Security Solutions by 2.7% during the 4th quarter. Greenleaf Trust now owns 3,830 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 100 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Kratos Defense & Security Solutions by 3.0% during the 4th quarter. LVW Advisors LLC now owns 3,665 shares of the aerospace company’s stock worth $278,000 after acquiring an additional 107 shares during the last quarter. CENTRAL TRUST Co increased its holdings in shares of Kratos Defense & Security Solutions by 7.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,698 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 115 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Kratos Defense & Security Solutions by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 5,918 shares of the aerospace company’s stock worth $449,000 after acquiring an additional 122 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,945 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 125 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.
About Kratos Defense & Security Solutions
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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