Kratos Defense & Security Solutions (NASDAQ:KTOS) Stock Price Down 6% - Time to Sell?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) shares dropped 6% during trading on Tuesday . The company traded as low as $40.10 and last traded at $41.01. Approximately 1,618,018 shares changed hands during trading, a decline of 11% from the average daily volume of 1,810,424 shares. The stock had previously closed at $43.63.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of recent analyst reports. Stifel Nicolaus started coverage on Kratos Defense & Security Solutions in a research report on Tuesday. They issued a "buy" rating and a $52.00 price objective on the stock. Truist Financial increased their price target 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. Benchmark raised their price objective on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Monday. Noble Financial upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Finally, Royal Bank Of Canada raised their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Kratos Defense & Security Solutions Trading Down 6.6%

The firm's 50 day moving average is $36.84 and its 200 day moving average is $32.16. 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 company has a market capitalization of $6.26 billion, a PE ratio of 313.64 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. As a group, equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, CEO Eric M. Demarco acquired 7,455 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $33.59 per share, for a total transaction of $250,413.45. Following the completion of the acquisition, the chief executive officer now owns 1,396,237 shares in the company, valued at $46,899,600.83. This trade represents a 0.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 2,419 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53. Following the completion of the sale, the senior vice president now directly owns 67,488 shares in the company, valued at $2,825,722.56. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,572 shares of company stock valued at $5,251,396. 2.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in Kratos Defense & Security Solutions in the 1st quarter worth about $29,000. Larson Financial Group LLC bought a new position in Kratos Defense & Security Solutions in the first quarter valued at about $30,000. Aspect Partners LLC boosted its position 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 worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter valued at about $30,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

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.