Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) shares rose 5.6% on Monday . The company traded as high as $49.42 and last traded at $49.21. 3,155,905 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 4,451,863 shares. The stock had previously closed at $46.60.
Analyst Ratings Changes
KTOS has been the subject of several research analyst reports. Citizens Jmp dropped their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 28th. Wedbush assumed coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating and a $85.00 target price for the company. Canaccord Genuity Group raised their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, BNP Paribas Exane lifted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.29.
View Our Latest Stock Report on KTOS
Kratos Defense & Security Solutions Trading Up 5.6%
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, beating the consensus estimate 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 firm had revenue of $371.00 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Kratos Defense & Security Solutions’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts expect 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 related news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $50.45, for a total transaction of $201,800.00. Following the transaction, the insider directly owned 66,238 shares in the company, valued at $3,341,707.10. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 15th. The stock was sold at an average price of $57.93, for a total transaction of $86,895.00. Following the completion of the transaction, the senior vice president directly owned 64,447 shares of the company’s stock, valued at approximately $3,733,414.71. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 139,036 shares of company stock worth $7,799,667. 1.50% of the stock is owned by insiders.
Institutional Investors Weigh In On Kratos Defense & Security Solutions
Several 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 in the second quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares during the last quarter. Vision Retirement LLC boosted its position in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares during the period. Finally, Rakuten Securities Inc. acquired a new position in Kratos Defense & Security Solutions during the 2nd quarter valued at approximately $31,000. 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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