Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report)’s stock price was down 1.4% during mid-day trading on Friday . The stock traded as low as $47.56 and last traded at $48.19. Approximately 2,369,803 shares traded hands during trading, a decline of 48% from the average session volume of 4,567,568 shares. The stock had previously closed at $48.85.
Analysts Set New Price Targets
Several research firms recently weighed in on KTOS. Jefferies Financial Group reissued a “buy” rating and set a $80.00 price objective on shares of Kratos Defense & Security Solutions in a report on Wednesday. Piper Sandler lowered their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Royal Bank Of Canada dropped their target price on Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Canaccord Genuity Group lifted their price target on 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, BTIG Research reduced their price target on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $103.41.
Check Out Our Latest Stock Analysis on KTOS
Kratos Defense & Security Solutions Trading Down 1.4%
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.48 earnings per share for the current fiscal year.
Insider Transactions at Kratos Defense & Security Solutions
In related news, CFO Deanna H. Lund sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $52.85, for a total value of $264,250.00. Following the transaction, the chief financial officer directly owned 285,405 shares of the company’s stock, valued at $15,083,654.25. The trade was a 1.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $48.37, for a total value of $338,590.00. Following the completion of the sale, the insider owned 302,126 shares in the company, valued at $14,613,834.62. The trade was a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 157,453 shares of company stock worth $9,264,423. 1.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Kratos Defense & Security Solutions by 245.2% in the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock valued at $45,673,000 after buying an additional 427,396 shares during the period. M&T Bank Corp raised its stake 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 buying an additional 174,305 shares during the period. New Age Alpha Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 435.1% in the fourth quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock worth $3,265,000 after acquiring an additional 34,973 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Kratos Defense & Security Solutions by 93.0% in the third quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock worth $88,170,000 after acquiring an additional 465,100 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Kratos Defense & Security Solutions by 65.2% in the fourth quarter. Principal Financial Group Inc. now owns 714,083 shares of the aerospace company’s stock valued at $54,206,000 after acquiring an additional 281,811 shares during the period. 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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