Steven Fendley Sells 35,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $58.23, for a total value of $2,038,050.00. Following the completion of the transaction, the insider owned 309,087 shares of the company’s stock, valued at approximately $17,998,136.01. The trade was a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kratos Defense & Security Solutions Stock Up 7.2%

NASDAQ:KTOS opened at $58.78 on Friday. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $62.56 and a 200-day moving average of $80.29. The firm has a market capitalization of $11.02 billion, a PE ratio of 345.76 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 52 week low of $39.00 and a 52 week high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $371.00 million during the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

KTOS has been the topic of several recent research reports. Canaccord Genuity Group lifted their price objective on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Truist Financial upgraded shares of Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Friday, May 1st. Clear Str upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group set a $80.00 price objective on Kratos Defense & Security Solutions in a report on Sunday, May 10th. Finally, Piper Sandler cut their target price on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $96.28.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock valued at $5,655,000 after purchasing an additional 35,098 shares in the last quarter. Amundi bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth $791,000. NewEdge Advisors LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 64.4% in the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock valued at $39,000 after buying an additional 515 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Kratos Defense & Security Solutions by 178.0% in the first quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after buying an additional 2,286 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Kratos Defense & Security Solutions by 11.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after buying an additional 41,265 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions News Summary

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

• Positive Sentiment: Kratos announced a major expansion of Spartan turbojet engine production, targeting 3,000 engines next year to support rising demand from missile and loitering munition programs. That suggests improving revenue visibility and stronger defense demand. Article: Kratos Expands Production of Spartan Engines to Support Growing Missile and Loitering Munition Demand
• Positive Sentiment: Analysts highlighted Kratos’ growth potential in hypersonics and autonomous systems, with Valkyrie drone production and improving Unmanned Systems profitability supporting the longer-term outlook. Article: Is KTOS Building a Growth Engine in Hypersonics & Autonomous Systems?
• Neutral Sentiment: Insider David M. Carter sold 4,000 shares under a pre-arranged 10b5-1 plan. The sale was relatively small, but continued insider selling can still pressure sentiment. Article: Insider sale filing
• Neutral Sentiment: Steven Fendley also disclosed a larger sale of 35,000 shares, which may add to investor caution even though it was publicly reported. Article: Insider sale filing
• Negative Sentiment: Recent commentary questioned whether KTOS has already priced in too much growth after its multiyear rally, keeping valuation concerns in focus and likely contributing to the stock’s weakness. Article: Is Kratos Defense & Security Solutions (KTOS) Pricing In Too Much After Its Multiyear Run?

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.