Kratos Defense & Security Solutions (NASDAQ:KTOS) Trading Down 1.8% - What's Next?

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report)'s stock price traded down 1.8% during trading on Tuesday . The company traded as low as $50.60 and last traded at $51.03. 1,635,221 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 2,109,818 shares. The stock had previously closed at $51.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Truist Financial increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a report on Friday, June 27th. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price for the company in a report on Monday, June 30th. Finally, Stifel Nicolaus set a $54.00 price objective on shares of Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research note on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $46.25.

Kratos Defense & Security Solutions Stock Performance

The stock's 50-day moving average is $41.28 and its 200-day moving average is $34.52. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 452.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced 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 net margin of 1.68% and a return on equity of 3.85%. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the business earned $0.11 earnings per share. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of Kratos Defense & Security Solutions stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $33.73, for a total value of $202,380.00. Following the transaction, the insider owned 282,084 shares in the company, valued at $9,514,693.32. This trade represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco purchased 7,455 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average price of $33.59 per share, for a total transaction of $250,413.45. Following the acquisition, the chief executive officer owned 1,396,237 shares in the company, valued at $46,899,600.83. The trade was a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 151,572 shares of company stock worth $5,586,226 over the last 90 days. Company insiders own 2.37% of the company's stock.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

A number of hedge funds have recently made changes to their positions in KTOS. Rovida Investment Management Ltd purchased a new stake in Kratos Defense & Security Solutions during the 4th quarter worth $46,789,000. Vanguard Group Inc. increased its position in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after purchasing an additional 1,728,179 shares during the last quarter. Nuveen LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth about $41,118,000. Voya Investment Management LLC increased its position in shares of Kratos Defense & Security Solutions by 129.2% in the 1st quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company's stock worth $64,226,000 after purchasing an additional 1,219,585 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Kratos Defense & Security Solutions during the 4th quarter valued at about $28,944,000. Institutional investors and hedge funds 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.