Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 1.2% – What’s Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) shares traded down 1.2% during trading on Tuesday . The company traded as low as $55.01 and last traded at $56.34. 3,123,906 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 4,341,019 shares. The stock had previously closed at $57.02.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial raised Kratos Defense & Security Solutions to a “strong-buy” rating in a research report on Friday, May 1st. Piper Sandler dropped their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Citizens Jmp dropped 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 research report on Friday, May 8th. BNP Paribas Exane boosted their price target on 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. Finally, JPMorgan Chase & Co. raised Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $99.00 to $82.00 in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.17.

Kratos Defense & Security Solutions Price Performance

The firm has a market capitalization of $10.56 billion, a P/E ratio of 331.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.63. The firm has a 50-day moving average of $62.16 and a 200-day moving average of $80.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share (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 analysts’ expectations of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The firm’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. As a group, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider David M. Carter sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $59.16, for a total value of $236,640.00. Following the transaction, the insider owned 70,092 shares of the company’s stock, valued at approximately $4,146,642.72. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider directly owned 8,000 shares in the company, valued at approximately $456,480. The trade was a 79.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 188,278 shares of company stock worth $11,966,663. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently modified their holdings of KTOS. Mcguire Capital Advisors Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter worth $25,000. Atlantic Union Bankshares Corp increased its stake in shares of Kratos Defense & Security Solutions by 7,600.0% in the 4th quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC increased its stake in shares of Kratos Defense & Security Solutions by 288.2% in the 1st quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 317 shares in the last quarter. Rakuten Securities Inc. purchased a new stake in shares of Kratos Defense & Security Solutions in the 2nd quarter worth $31,000. Finally, Caitlin John LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 3rd quarter worth $32,000. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

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.