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 firm’s 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 completion of the sale, the director directly owned 16,480 shares of the company’s stock, valued at $858,278.40. This represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Performance

NASDAQ:KTOS opened at $53.47 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The business has a fifty day simple moving average of $71.09 and a two-hundred day simple moving average of $82.48. Kratos Defense & Security Solutions, Inc. has a 1 year low of $34.06 and a 1 year high of $134.00. The company has a market capitalization of $10.03 billion, a P/E ratio of 314.53 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (EPS) for the quarter, topping 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%.The business’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in KTOS. Alliancebernstein L.P. boosted its stake in Kratos Defense & Security Solutions by 1,389.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock valued at $247,409,000 after purchasing an additional 2,525,921 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of Kratos Defense & Security Solutions by 7,701.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock worth $120,966,000 after buying an additional 1,573,123 shares during the last quarter. Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter worth $104,807,000. Westfield Capital Management Co. LP bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth $91,901,000. Finally, First Trust Advisors LP raised its holdings in Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after purchasing an additional 698,778 shares during the period. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on KTOS shares. UBS Group restated 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. Piper Sandler cut their price objective 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. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Citizens Jmp lowered their target price on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a research note on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $96.28.

Key Stories 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

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.