Steven Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $48.37, for a total transaction of $338,590.00. Following the sale, the insider owned 302,126 shares in the company, valued at approximately $14,613,834.62. The trade was a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS opened at $55.35 on Friday. The company has a market capitalization of $10.38 billion, a P/E ratio of 325.59 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a twelve month low of $42.81 and a twelve month high of $134.00. 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 50 day moving average of $56.90 and a 200 day moving average of $77.83.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $371.00 million for 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 company’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. As a group, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.47 earnings per share for the current fiscal year.

Key Stories Impacting Kratos Defense & Security Solutions

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

• Positive Sentiment: Kratos won an approximate $36 million sole-source contract for a new air defense missile system, a direct revenue catalyst that supports its defense backlog. Article Title
• Positive Sentiment: Wedbush initiated coverage with an Outperform rating and an $85 price target, lifting sentiment around KTOS as a major defense supplier. Article Title
• Positive Sentiment: Kratos secured an agreement to become the exclusive U.S. manufacturer for Elroy Air and announced a joint venture framework in Abu Dhabi, expanding its growth runway in unmanned systems. Article Title
• Positive Sentiment: Investor focus on the proposed Golden Dome missile defense program is reinforcing the case for Kratos as a future beneficiary of defense modernization spending. Article Title
• Neutral Sentiment: Insider sales by Steven Fendley, Deanna H. Lund, and Stacey G. Rock were disclosed, but each transaction was made under pre-arranged Rule 10b5-1 plans, making them less indicative of a change in operating outlook. Article Title

Analyst Upgrades and Downgrades

KTOS has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $80.00 target price on Kratos Defense & Security Solutions in a research report on Sunday, May 10th. Canaccord Genuity Group increased 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. BNP Paribas Exane lifted their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada cut their target price on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, Clear Str raised Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $100.44.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its stake in shares of Kratos Defense & Security Solutions by 7,600.0% during the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 380 shares during the last quarter. Vision Retirement LLC grew its position in shares of 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 acquiring an additional 317 shares during the period. Rakuten Securities Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 2nd quarter valued at $31,000. Finally, Murphy & Mullick Capital Management Corp increased its stake in shares of Kratos Defense & Security Solutions by 115.4% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 420 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

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.