Kratos Defense & Security Solutions (NASDAQ:KTOS) Hits New 1-Year Low – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) reached a new 52-week low on Monday. The company traded as low as $41.81 and last traded at $41.79, with a volume of 3686292 shares traded. The stock had previously closed at $43.07.

Analyst Ratings Changes

A number of brokerages have issued reports on KTOS. Weiss Ratings downgraded Kratos Defense & Security Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group lowered their price target 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. Jefferies Financial Group cut their price objective on shares of Kratos Defense & Security Solutions from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday. BTIG Research lifted 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 research note on Wednesday, August 5th. Finally, Truist Financial decreased their target price on shares of Kratos Defense & Security Solutions from $135.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $96.53.

Kratos Defense & Security Solutions Stock Down 2.3%

The stock has a fifty day moving average of $51.17 and a two-hundred day moving average of $57.37. The company has a quick ratio of 4.99, a current ratio of 5.54 and a debt-to-equity ratio of 0.04. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 246.64 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 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $458.80 million for the quarter, compared to the consensus estimate of $410.36 million. Kratos Defense & Security Solutions had a return on equity of 3.07% and a net margin of 2.03%.The company’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $47.13, for a total value of $329,910.00. Following the completion of the transaction, the insider directly owned 295,120 shares of the company’s stock, valued at $13,909,005.60. This represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Phillip D. Carrai sold 26,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $63.25, for a total value of $1,676,125.00. Following the sale, the insider owned 182,084 shares of the company’s stock, valued at $11,516,813. This represents a 12.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 379,513 shares of company stock worth $23,799,552. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Kratos Defense & Security Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vision Retirement LLC raised its stake in Kratos Defense & Security Solutions by 288.2% during the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at $25,000. IMG Wealth Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 427.0% during the 1st quarter. IMG Wealth Management Inc. now owns 527 shares of the aerospace company’s stock worth $37,000 after purchasing an additional 427 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Kratos Defense & Security Solutions by 333.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the aerospace company’s stock worth $46,000 after buying an additional 500 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the 2nd quarter worth approximately $34,000. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc is a technology company that develops products and systems for national security, defense, and commercial applications. Its offerings support unmanned systems, satellite communications, space operations, missile defense, hypersonic programs, launch systems, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C5ISR) missions.

The company provides unmanned aerial, ground, and maritime systems, including target drones and other autonomous platforms used for testing, training, and operational missions.