Kratos Defense & Security Solutions (NASDAQ:KTOS) Sees Large Volume Increase - What's Next?

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,820,160 shares traded hands during mid-day trading, an increase of 0% from the previous session's volume of 2,813,998 shares.The stock last traded at $44.78 and had previously closed at $41.33.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Stifel Nicolaus assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday. They set a "buy" rating and a $52.00 price objective on the stock. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Benchmark lifted their price target on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a report on Monday. Finally, Royal Bank Of Canada upped their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.90.

Kratos Defense & Security Solutions Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The firm has a market cap of $7.16 billion, a P/E ratio of 358.19 and a beta of 0.99. The company's 50 day moving average is $37.18 and its 200 day moving average is $32.33.

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

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the transaction, the insider now owns 276,085 shares in the company, valued at approximately $11,639,743.60. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total transaction of $206,150.00. Following the completion of the transaction, the insider now owns 404,133 shares in the company, valued at $11,901,716.85. This trade represents a 1.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,572 shares of company stock worth $5,251,396. Company insiders own 2.37% of the company's stock.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter worth about $29,000. Larson Financial Group LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter worth approximately $30,000. Aspect Partners LLC lifted its stake in Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after buying an additional 950 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at approximately $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

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.

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