Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) shot up 4.5% during mid-day trading on Monday. The stock traded as high as $40.56 and last traded at $40.43. Approximately 3,470,521 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 4,357,815 shares. The stock had previously closed at $38.68.
Analysts Set New Price Targets
A number of research analysts have recently commented on KTOS shares. Wedbush began coverage on Kratos Defense & Security Solutions in a research note on Tuesday, June 30th. They set an “outperform” rating and a $85.00 target price on the stock. Stifel Nicolaus decreased their price target on Kratos Defense & Security Solutions from $134.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Oppenheimer initiated coverage on Kratos Defense & Security Solutions in a report on Thursday. They set an “outperform” rating and a $50.00 price objective for the company. Canaccord Genuity Group upped their price objective on Kratos Defense & Security Solutions from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, BTIG Research increased their target price on Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.50.
Check Out Our Latest Stock Report on KTOS
Kratos Defense & Security Solutions Trading Up 4.5%
The firm has a market capitalization of $7.59 billion, a PE ratio of 237.82 and a beta of 1.11. The stock’s 50-day moving average price is $46.80 and its 200 day moving average price is $53.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%. The firm had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 30.5% on a year-over-year basis. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.59 EPS for the current fiscal year.
Insider Activity at Kratos Defense & Security Solutions
In other news, Director Scot B. Jarvis sold 10,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.50, for a total transaction of $635,000.00. Following the transaction, the director owned 65,123 shares of the company’s stock, valued at approximately $4,135,310.50. This represents a 13.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna Lund sold 7,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $48.78, for a total value of $341,460.00. Following the transaction, the chief financial officer directly owned 273,511 shares in the company, valued at $13,341,866.58. The trade was a 2.50% 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. Insiders sold a total of 375,013 shares of company stock worth $23,526,932 over the last three months. Corporate insiders own 1.50% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in KTOS. AdvisorNet Financial Inc grew its position in Kratos Defense & Security Solutions by 15.8% during the first quarter. AdvisorNet Financial Inc now owns 1,392 shares of the aerospace company’s stock worth $98,000 after buying an additional 190 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in Kratos Defense & Security Solutions by 3.5% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 6,035 shares of the aerospace company’s stock valued at $426,000 after purchasing an additional 205 shares in the last quarter. Versant Capital Management Inc grew its holdings in Kratos Defense & Security Solutions by 61.9% in the second quarter. Versant Capital Management Inc now owns 696 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 266 shares during the last quarter. Vision Retirement LLC grew its holdings in Kratos Defense & Security Solutions by 288.2% in the first 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 last quarter. Finally, Ranch Capital Advisors Inc. grew its holdings in Kratos Defense & Security Solutions by 5.1% in the first quarter. Ranch Capital Advisors Inc. now owns 6,553 shares of the aerospace company’s stock valued at $462,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.
About Kratos Defense & Security Solutions
Kratos Defense & Security Solutions, Inc is a technology and defense contractor that develops systems and products for national security applications. The company supports the U.S. Department of Defense, intelligence agencies, national security-related organizations and selected commercial customers, with an emphasis on affordable, rapidly deployable technologies.
Its offerings include unmanned aerial and target systems, hypersonic and high-speed systems, rocket and propulsion technologies, satellite communications equipment, microwave electronics, radar and missile-defense systems, electronic warfare solutions, command-and-control systems, and virtual and live training products.
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