Kratos Defense & Security Solutions (NASDAQ:KTOS) CFO Deanna Lund Sells 5,000 Shares of Stock

by · The Markets Daily

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) CFO Deanna Lund sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $63.74, for a total transaction of $318,700.00. Following the completion of the sale, the chief financial officer directly owned 290,161 shares in the company, valued at approximately $18,494,862.14. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kratos Defense & Security Solutions Stock Down 7.6%

Shares of Kratos Defense & Security Solutions stock opened at $58.43 on Thursday. Kratos Defense & Security Solutions, Inc. has a one year low of $37.90 and a one year high of $134.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The stock’s 50-day moving average is $64.39 and its 200 day moving average is $80.78. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 343.71 and a beta of 1.04.

Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company had revenue of $371.00 million for the quarter, compared to analyst estimates of $345.00 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KTOS. Citigroup reissued a “market outperform” rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 24th. BNP Paribas Exane increased their target price on shares of Kratos Defense & Security Solutions from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Canaccord Genuity Group increased their target price on shares of Kratos Defense & Security Solutions from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. UBS Group reissued a “neutral” rating and set a $82.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, May 7th. Finally, Piper Sandler cut their target price on shares of Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating on the stock 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $96.28.

Get Our Latest Report on Kratos Defense & Security Solutions

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Kratos Defense & Security Solutions by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 4,446,230 shares of the aerospace company’s stock worth $337,565,000 after acquiring an additional 148,622 shares during the period. Morgan Stanley raised its position in Kratos Defense & Security Solutions by 3.9% in the fourth quarter. Morgan Stanley now owns 3,311,095 shares of the aerospace company’s stock worth $251,345,000 after acquiring an additional 124,607 shares during the period. First Trust Advisors LP raised its position in Kratos Defense & Security Solutions by 29.5% in the third quarter. First Trust Advisors LP now owns 3,068,863 shares of the aerospace company’s stock worth $280,402,000 after acquiring an additional 698,778 shares during the period. Invesco Ltd. raised its position in Kratos Defense & Security Solutions by 7.4% in the third quarter. Invesco Ltd. now owns 3,046,194 shares of the aerospace company’s stock worth $278,331,000 after acquiring an additional 209,189 shares during the period. Finally, Alliancebernstein L.P. raised its position 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 period. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

(Get Free Report)

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.

Recommended Stories