David Carter Sells 4,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider David Carter sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $50.45, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Trading Down 1.4%

KTOS stock traded down $0.66 during midday trading on Friday, reaching $48.19. The stock had a trading volume of 2,372,479 shares, compared to its average volume of 5,385,610. The business has a fifty day simple moving average of $55.44 and a two-hundred day simple moving average of $76.88. 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 firm has a market cap of $9.04 billion, a price-to-earnings ratio of 283.47 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a twelve month low of $46.01 and a twelve month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $371.00 million during the quarter, compared to analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently bought and sold shares of the company. Ausbil Investment Management Ltd acquired a new stake in Kratos Defense & Security Solutions in the second quarter worth $296,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Kratos Defense & Security Solutions by 4.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 72,660 shares of the aerospace company’s stock valued at $3,623,000 after buying an additional 2,808 shares in the last quarter. Polianta Ltd bought a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter valued at $1,600,000. Assenagon Asset Management S.A. raised its stake in Kratos Defense & Security Solutions by 80.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 70,254 shares of the aerospace company’s stock worth $3,503,000 after buying an additional 31,273 shares during the period. Finally, Byrne Asset Management LLC bought a new position in Kratos Defense & Security Solutions during the second quarter worth about $124,000. Institutional investors own 75.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KTOS. JPMorgan Chase & Co. upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $99.00 to $82.00 in a report on Friday, June 12th. UBS Group reiterated a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research report on Thursday, May 7th. BNP Paribas Exane increased their price target on Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. 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 research report on Thursday, May 7th. Finally, Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research note on Wednesday, April 29th. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.41.

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.