Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 52-Week Low – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $42.99 and last traded at $43.0440, with a volume of 3378044 shares traded. The stock had previously closed at $44.07.

Analyst Ratings Changes

A number of analysts have recently weighed in on KTOS shares. Truist Financial dropped their price objective on Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Piper Sandler raised shares of Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. BTIG Research increased their target price on shares of Kratos Defense & Security Solutions from $100.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald cut their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions has an average rating of “Moderate Buy” and a consensus target price of $98.71.

Kratos Defense & Security Solutions Stock Performance

The business has a 50 day moving average price of $51.60 and a 200 day moving average price of $58.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.54 and a quick ratio of 4.99. The stock has a market capitalization of $8.08 billion, a PE ratio of 253.24 and a beta of 1.11.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. Kratos Defense & Security Solutions’s revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $48.50, for a total transaction of $48,500.00. Following the completion of the sale, the senior vice president directly owned 61,200 shares in the company, valued at $2,968,200. The trade was a 1.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Scot B. Jarvis sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 65,123 shares in the company, valued at $4,135,310.50. The trade was a 13.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 384,513 shares of company stock worth $24,063,802. 1.50% of the stock is owned by corporate insiders.

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. Envestnet Portfolio Solutions Inc. raised its stake in Kratos Defense & Security Solutions by 45.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,605 shares of the aerospace company’s stock worth $628,000 after acquiring an additional 3,965 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 29.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 140,856 shares of the aerospace company’s stock worth $7,023,000 after buying an additional 32,315 shares during the period. Engineers Gate Manager LP raised its holdings in Kratos Defense & Security Solutions by 53.2% during the second quarter. Engineers Gate Manager LP now owns 6,885 shares of the aerospace company’s stock valued at $343,000 after acquiring an additional 2,391 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at about $119,000. Finally, IFP Advisors Inc boosted its stake in shares of Kratos Defense & Security Solutions by 103.6% in the second quarter. IFP Advisors Inc now owns 7,422 shares of the aerospace company’s stock worth $370,000 after acquiring an additional 3,777 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense and commercial applications. The company primarily serves the U.S. Department of Defense and other government agencies, while also supporting allied governments and selected commercial customers.

Its offerings include unmanned aerial and ground systems, target drones, tactical drones, satellite communications systems, space-related products, missile defense technology, hypersonic and high-speed systems, radar and command-and-control solutions, and microwave electronics.