Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) dropped 5.8% during trading on Monday . The stock traded as low as $50.68 and last traded at $51.09. Approximately 4,645,933 shares traded hands during trading, an increase of 7% from the average session volume of 4,360,843 shares. The stock had previously closed at $54.21.
Wall Street Analyst Weigh In
Several research analysts have weighed in on KTOS shares. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. BTIG Research reduced their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada decreased their price objective on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $101.35.
Get Our Latest Research Report on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Stock Performance
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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $371.00 million for 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 business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.47 EPS for the current fiscal year.
Insider Activity at Kratos Defense & Security Solutions
In other news, Director Scot B. Jarvis sold 5,417 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $75.90, for a total value of $411,150.30. Following the completion of the transaction, the director directly owned 75,123 shares in the company, valued at approximately $5,701,835.70. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 6,500 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $74.72, for a total value of $485,680.00. Following the sale, the insider directly owned 227,898 shares in the company, valued at approximately $17,028,538.56. This trade represents a 2.77% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 196,278 shares of company stock valued at $12,428,868. 1.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of Kratos Defense & Security Solutions by 245.2% in the fourth quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock worth $45,673,000 after purchasing an additional 427,396 shares during the last quarter. M&T Bank Corp raised its position in Kratos Defense & Security Solutions by 6,900.4% during the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock worth $13,423,000 after purchasing an additional 174,305 shares during the last quarter. New Age Alpha Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 435.1% during the 4th quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock worth $3,265,000 after buying an additional 34,973 shares during the period. Victory Capital Management Inc. acquired a new position in Kratos Defense & Security Solutions during the 3rd quarter worth about $21,013,000. Finally, JPMorgan Chase & Co. grew its position in shares of Kratos Defense & Security Solutions by 93.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after buying an additional 465,100 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.
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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