Steven S. Fendley Sells 7,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Key Points

• Insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions at an average price of $58.53, totaling approximately $409,710, which reduced his ownership by 1.94%.
• Kratos reported a net margin of 1.68% and earnings per share (EPS) of $0.12 for the last quarter, exceeding expectations and indicating a 9.2% revenue increase year-over-year.
• Analysts currently hold a consensus rating of "Moderate Buy" for Kratos, with a target price averaging $50.08, reflecting positive sentiment around the company's prospects.

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $58.53, for a total transaction of $409,710.00. Following the transaction, the insider directly owned 353,451 shares in the company, valued at approximately $20,687,487.03. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded down $1.99 during trading on Friday, hitting $56.71. The company's stock had a trading volume of 4,796,199 shares, compared to its average volume of 4,722,225. The company has a 50-day moving average of $46.47 and a 200-day moving average of $36.76. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $61.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 436.26 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. On average, sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Petra Financial Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions in the second quarter valued at $969,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Kratos Defense & Security Solutions by 107.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 119,687 shares of the aerospace company's stock valued at $5,559,000 after acquiring an additional 61,980 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Kratos Defense & Security Solutions by 17.6% in the second quarter. Teacher Retirement System of Texas now owns 25,961 shares of the aerospace company's stock valued at $1,206,000 after acquiring an additional 3,876 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Kratos Defense & Security Solutions by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,769 shares of the aerospace company's stock valued at $129,000 after purchasing an additional 289 shares during the last quarter. Finally, Ranch Capital Advisors Inc. purchased a new position in Kratos Defense & Security Solutions in the second quarter valued at about $398,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Noble Financial reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Monday, July 14th. JMP Securities set a $70.00 price objective on shares of Kratos Defense & Security Solutions and gave the company a "market outperform" rating in a research report on Tuesday, July 22nd. Truist Financial increased their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Kratos Defense & Security Solutions in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.08.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.