Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading 1.7% Higher - Here's Why

Key Points

• Kratos Defense & Security Solutions shares increased by 1.7% on Monday, reaching a high of $101.50 before closing at $96.28, with trading volume up 18% from the average.
• Analysts maintain a positive outlook, with price target increases from various firms, including Royal Bank of Canada and Stifel Nicolaus, reflecting a consensus target price of $69.14.
• The company reported a 17.1% revenue increase year over year, with earnings per share of $0.11, surpassing analysts' expectations of $0.09.

Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) rose 1.7% during trading on Monday . The company traded as high as $101.50 and last traded at $96.28. Approximately 4,246,508 shares were traded during trading, an increase of 18% from the average daily volume of 3,600,339 shares. The stock had previously closed at $94.63.

Wall Street Analysts Forecast Growth

KTOS has been the subject of a number of research analyst reports. Noble Financial reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, August 11th. Royal Bank Of Canada upped their price target on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Citigroup restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Thursday, October 2nd. Finally, Truist Financial boosted their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $69.14.

Kratos Defense & Security Solutions Stock Up 1.7%

The business has a 50-day simple moving average of $74.61 and a two-hundred day simple moving average of $52.26. The stock has a market capitalization of $16.25 billion, a P/E ratio of 962.90 and a beta of 1.12. The company has a quick ratio of 3.88, a current ratio of 4.43 and a debt-to-equity ratio of 0.12.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%.The firm had revenue of $351.50 million for the quarter, compared to analysts' expectations of $305.67 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business's revenue was up 17.1% compared to the same quarter last year. Kratos Defense & Security Solutions has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast 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 news, CFO Deanna H. Lund sold 5,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $92.03, for a total transaction of $460,150.00. Following the sale, the chief financial officer owned 308,069 shares in the company, valued at approximately $28,351,590.07. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, September 29th. The stock was sold at an average price of $88.88, for a total value of $622,160.00. Following the sale, the insider owned 339,419 shares in the company, valued at $30,167,560.72. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,276 shares of company stock valued at $6,088,481. 2.37% of the stock is owned by insiders.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the business. Costello Asset Management INC bought a new stake in shares of Kratos Defense & Security Solutions during the first quarter worth $29,000. Aspect Partners LLC lifted its stake in shares of Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 950 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at $30,000. Larson Financial Group LLC acquired a new position in shares of Kratos Defense & Security Solutions during the first quarter valued at $30,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Kratos Defense & Security Solutions during the second quarter valued at $30,000. Institutional investors own 75.92% of the company's stock.

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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