Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Steven Fendley Sells 35,000 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven Fendley sold 35,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $58.23, for a total transaction of $2,038,050.00. Following the completion of the sale, the insider owned 309,087 shares of the company’s stock, valued at $17,998,136.01. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $54.82 on Thursday. The company has a current ratio of 5.63, a quick ratio of 5.08 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.28 billion, a PE ratio of 322.47 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 12-month low of $37.90 and a 12-month high of $134.00. The business’s fifty day moving average price is $62.80 and its 200 day moving average price is $80.36.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted 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 firm 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 quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KTOS. Alliancebernstein L.P. lifted its stake in Kratos Defense & Security Solutions by 1,389.0% in the third quarter. Alliancebernstein L.P. now owns 2,707,776 shares of the aerospace company’s stock worth $247,409,000 after acquiring an additional 2,525,921 shares during the last quarter. Corient Private Wealth LLC lifted its stake 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 worth $120,966,000 after acquiring an additional 1,573,123 shares during the last quarter. Norges Bank purchased a new position in Kratos Defense & Security Solutions in the fourth quarter worth approximately $104,807,000. Westfield Capital Management Co. LP purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at about $91,901,000. Finally, First Trust Advisors LP increased its holdings in shares of Kratos Defense & Security Solutions by 29.5% in the 3rd quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock valued at $280,402,000 after acquiring an additional 698,778 shares during the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KTOS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Royal Bank Of Canada lowered their price objective on shares of Kratos Defense & Security Solutions from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. BTIG Research lowered their price objective on shares of Kratos Defense & Security Solutions from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Canaccord Genuity Group raised 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 note on Thursday, May 7th. Finally, UBS Group reissued a “neutral” rating and issued a $82.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Kratos Defense & Security Solutions presently has an average rating of “Moderate Buy” and an average target price of $96.28.

Key Stories Impacting Kratos Defense & Security Solutions

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

• Positive Sentiment: Kratos announced a major expansion of Spartan turbojet engine production, targeting 3,000 engines next year to meet rising demand from missile and loitering munition programs, which could boost future revenue visibility. Article: Kratos Expands Production of Spartan Engines to Support Growing Missile and Loitering Munition Demand
• Positive Sentiment: Analysts noted Kratos is building a growth engine in hypersonics and autonomous systems, with Valkyrie drone production and improving Unmanned Systems profitability supporting the longer-term investment case. Article: Is KTOS Building a Growth Engine in Hypersonics & Autonomous Systems?
• Neutral Sentiment: Insider David M. Carter sold 4,000 shares under a pre-arranged 10b5-1 plan; the sale was disclosed properly, but insider selling can still weigh on sentiment. Article: Insider sale filing
• Negative Sentiment: Recent commentary suggested KTOS may be priced for a lot of growth after its multiyear run, adding to valuation concerns that could be contributing to the stock’s weakness. Article: Is Kratos Defense & Security Solutions (KTOS) Pricing In Too Much After Its Multiyear Run?

About Kratos Defense & Security Solutions

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.