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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 7,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $56.16, for a total value of $393,120.00. Following the transaction, the insider owned 288,111 shares of the company’s stock, valued at approximately $16,180,313.76. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Up 0.6%

Shares of KTOS opened at $52.93 on Thursday. The firm has a market cap of $9.94 billion, a P/E ratio of 311.35 and a beta of 1.08. Kratos Defense & Security Solutions, Inc. has a 12-month low of $43.09 and a 12-month high of $134.00. The company’s 50-day moving average price is $52.54 and its 200 day moving average price is $65.73. The company has a current ratio of 5.54, a quick ratio of 4.99 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Tuesday, August 4th. The aerospace company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.07. Kratos Defense & Security Solutions had a net margin of 2.03% and a return on equity of 3.07%. The company had revenue of $458.80 million during the quarter, compared to analyst estimates of $410.36 million. During the same quarter last year, the firm posted $0.11 earnings per share. Kratos Defense & Security Solutions’s revenue was up 30.5% compared to the same quarter last year. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

A number of large investors have recently modified their holdings of KTOS. California State Teachers Retirement System lifted its stake in Kratos Defense & Security Solutions by 5,429.2% during the second quarter. California State Teachers Retirement System now owns 10,840,811 shares of the aerospace company’s stock worth $540,523,000 after purchasing an additional 10,644,746 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Kratos Defense & Security Solutions by 7,701.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,593,549 shares of the aerospace company’s stock valued at $120,966,000 after purchasing an additional 1,573,123 shares in the last quarter. Norges Bank purchased a new position in Kratos Defense & Security Solutions in the fourth quarter valued at approximately $104,807,000. Bank of New York Mellon Corp purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at approximately $65,293,000. Finally, Bamco Inc. NY acquired a new stake in Kratos Defense & Security Solutions during the second quarter worth approximately $53,746,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Kratos Defense & Security Solutions from $100.00 to $89.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. BNP Paribas Exane increased their price objective 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. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $99.00 to $82.00 in a report on Friday, June 12th. Cantor Fitzgerald lowered their target price on Kratos Defense & Security Solutions from $115.00 to $100.00 and set an “overweight” rating for the company in a research note on Tuesday, August 4th. Finally, Citizens Jmp cut their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.47.

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.