Kratos Defense & Security Solutions Inc. (KTOS) Shares Down 4%
Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS)’s share price fell 4% on Tuesday . The company traded as low as $6.42 and last traded at $6.51, with a volume of 752,274 shares. The stock had previously closed at $6.78.
A number of brokerages have weighed in on KTOS. B. Riley restated a “buy” rating and issued a $9.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, August 9th. Zacks Investment Research lowered Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 5th. Finally, Jefferies Group reiterated a “hold” rating and set a $5.00 price objective (up from $4.15) on shares of Kratos Defense & Security Solutions in a research report on Saturday, May 7th.
The stock has a market cap of $396.45 million and a PE ratio of 21.09. The company’s 50-day moving average is $4.68 and its 200 day moving average is $4.33.
Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.10. The company earned $168.20 million during the quarter, compared to the consensus estimate of $158.93 million. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Equities research analysts anticipate that Kratos Defense & Security Solutions Inc. will post ($0.14) earnings per share for the current fiscal year.
In related news, CEO Eric M. Demarco bought 8,904 shares of the stock in a transaction that occurred on Tuesday, August 9th. The shares were bought at an average cost of $5.56 per share, for a total transaction of $49,506.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Hoglund bought 150,000 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were bought at an average price of $5.89 per share, for a total transaction of $883,500.00. Following the completion of the transaction, the director now directly owns 325,000 shares of the company’s stock, valued at approximately $1,914,250. The disclosure for this purchase can be found here.
An institutional investor recently raised its position in Kratos Defense & Security Solutions stock. Argent Capital Management LLC increased its stake in shares of Kratos Defense & Security Solutions Inc. (NASDAQ:KTOS) by 25.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 345,639 shares of the company’s stock after buying an additional 69,300 shares during the period. Argent Capital Management LLC owned about 0.58% of Kratos Defense & Security Solutions worth $1,417,000 at the end of the most recent reporting period.
Kratos Defense & Security Solutions, Inc offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s segments include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the operations of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology-based defense solutions, involving products and services, primarily for the United States National Security priorities.