Kratos Defense & Security Solutions (NASDAQ:KTOS) Director Bradley Boyd Sells 3,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Director Bradley Boyd sold 3,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $52.08, for a total value of $156,240.00. Following the transaction, the director directly owned 16,480 shares in the company, valued at $858,278.40. The trade was a 15.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Stock Down 1.4%

Shares of KTOS stock traded down $0.75 on Tuesday, hitting $53.47. The stock had a trading volume of 2,747,650 shares, compared to its average volume of 4,297,410. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $71.76 and a 200 day moving average price of $82.74. The company has a market cap of $10.03 billion, a PE ratio of 314.53 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a one year low of $34.06 and a one year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current fiscal year.

Key Headlines Impacting Kratos Defense & Security Solutions

Here are the key news stories impacting Kratos Defense & Security Solutions this week:

• Positive Sentiment: Kratos continues to benefit from rising defense spending and demand for unmanned systems, with recent results showing 22.6% revenue growth and a record backlog.
• Neutral Sentiment: A market article singled out KTOS as a long-term growth name after its pullback, arguing the recent weakness may have improved the entry point versus earlier highs. 3 Undervalued Stocks to Buy Before the Market’s Next Big Move
• Negative Sentiment: Director and executive insider sales, including a 3,000-share sale by Bradley L. Boyd and additional sales by Phillip D. Carrai and Marie Mendoza, may be adding pressure to the stock. SEC filing

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in shares of Kratos Defense & Security Solutions by 57.7% during the third quarter. Amalgamated Bank now owns 73,673 shares of the aerospace company’s stock worth $6,732,000 after purchasing an additional 26,946 shares during the period. Mission Wealth Management LP acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $1,828,000. Baillie Gifford & Co. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $19,048,000. M&T Bank Corp lifted its holdings in shares of Kratos Defense & Security Solutions by 6,900.4% during the fourth 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 period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the third quarter worth about $21,013,000. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on KTOS shares. The Goldman Sachs Group boosted their price objective on shares of Kratos Defense & Security Solutions from $93.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. BTIG Research dropped their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Piper Sandler cut their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Finally, KeyCorp raised their price objective on Kratos Defense & Security Solutions from $90.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.28.

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.