Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) dropped 3% on Thursday . The company traded as low as $48.21 and last traded at $48.85. 3,192,448 shares were traded during trading, a decline of 30% from the average daily volume of 4,579,452 shares. The stock had previously closed at $50.38.
Analyst Ratings Changes
A number of research analysts have commented on KTOS shares. Citizens Jmp reduced their price objective on shares of 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. JPMorgan Chase & Co. raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $99.00 to $82.00 in a research report on Friday, June 12th. Royal Bank Of Canada cut their target price on shares of 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. Truist Financial raised shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Wedbush started coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 30th. They issued an “outperform” rating and a $85.00 price objective for the company. Three investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.41.
Check Out Our Latest Analysis on Kratos Defense & Security Solutions
Kratos Defense & Security Solutions Price Performance
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current year.
Insider Buying and Selling at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,500 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $57.74, for a total value of $375,310.00. Following the completion of the transaction, the insider directly owned 215,052 shares in the company, valued at $12,417,102.48. The trade was a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Stacey G. Rock sold 4,675 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $50.00, for a total value of $233,750.00. Following the transaction, the insider directly owned 9,600 shares of the company’s stock, valued at $480,000. This trade represents a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 157,453 shares of company stock worth $9,264,423. 1.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. acquired a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $25,000. Atlantic Union Bankshares Corp lifted its stake in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after buying an additional 380 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its holdings in shares of Kratos Defense & Security Solutions by 115.4% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 225 shares during the period. Vision Retirement LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 288.2% during the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 317 shares during the period. Finally, CI Investments Inc. grew its position in shares of Kratos Defense & Security Solutions by 142.7% during the third quarter. CI Investments Inc. now owns 432 shares of the aerospace company’s stock worth $39,000 after acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.
Kratos Defense & Security Solutions Company Profile
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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