Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 1.3% – Here’s Why

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)’s stock price dropped 1.3% during trading on Monday . The stock traded as low as $56.68 and last traded at $57.02. Approximately 3,817,746 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 4,355,327 shares. The stock had previously closed at $57.75.

Analyst Upgrades and Downgrades

KTOS has been the subject of several research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $115.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Royal Bank Of Canada dropped their price target 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. Citigroup reaffirmed a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, April 21st. Finally, Canaccord Genuity Group raised their price target 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.35.

Kratos Defense & Security Solutions Price Performance

The business’s 50 day moving average is $61.58 and its two-hundred day moving average is $79.77. The firm has a market cap of $10.53 billion, a P/E ratio of 330.35 and a beta of 1.04. The company has a quick ratio of 5.08, a current ratio of 5.63 and a debt-to-equity ratio of 0.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Kratos Defense & Security Solutions had a net margin of 2.08% and a return on equity of 2.82%. The business had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. During the same quarter last year, the firm earned $0.12 earnings per share. Kratos Defense & Security Solutions’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, insider Steven S. Fendley sold 35,000 shares of Kratos Defense & Security Solutions stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scot B. Jarvis sold 5,417 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $75.90, for a total transaction of $411,150.30. Following the transaction, the director directly owned 75,123 shares of the company’s stock, valued at $5,701,835.70. This represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 196,278 shares of company stock valued at $12,428,868 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of KTOS. Mcguire Capital Advisors Inc. bought a new stake in Kratos Defense & Security Solutions in the fourth quarter valued at $25,000. Atlantic Union Bankshares Corp increased its stake in Kratos Defense & Security Solutions by 7,600.0% in the fourth quarter. Atlantic Union Bankshares Corp now owns 385 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 380 shares in the last quarter. Vision Retirement LLC increased its stake in Kratos Defense & Security Solutions by 288.2% in the first quarter. Vision Retirement LLC now owns 427 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 317 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Kratos Defense & Security Solutions in the second quarter valued at $31,000. Finally, Caitlin John LLC bought a new stake in Kratos Defense & Security Solutions in the third quarter valued at $32,000. 75.92% of the stock is owned by institutional investors.

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.