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David M. Carter, President of the DRSS Division at Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS), recently sold 4,000 shares of the company’s common stock. The shares were sold at a weighted average price of $26.51, resulting in a total transaction value of approximately $106,024.
This transaction was conducted under a 10b5-1 trading plan that Carter adopted on May 20, 2024. Following this sale, Carter continues to hold 102,993 shares in Kratos Defense. The shares sold were part of multiple transactions, with prices ranging from $26.10 to $26.77. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 2.94, while trading at relatively high valuation multiples. Investors can access 13 additional exclusive ProTips and a comprehensive Pro Research Report covering KTOS’s detailed financial analysis on InvestingPro.
In other recent news, Kratos Defense & Security Solutions reported its fourth-quarter 2024 earnings, revealing a slight miss in revenue but a better-than-expected earnings per share (EPS). The company posted an EPS of $0.13, exceeding the forecast of $0.10, while revenue was $283.1 million, slightly below the anticipated $287.58 million. In addition to its earnings report, Kratos announced a joint venture with Rafael, an Israeli defense company, to produce rocket motors, targeting a market opportunity of approximately $1 billion. This collaboration aims to supply thousands of missile rocket motors, enhancing Kratos’s merchant portfolio. Benchmark analysts maintained a Buy rating on Kratos, highlighting the company’s transition into a merchant provider of defense solutions and reaffirming a $38 price target. The firm’s analysis suggests that Kratos’s shift aligns with current market demands for efficiency. Kratos forecasts a 10% organic revenue growth for 2025, emphasizing advancements in hypersonic systems and tactical drones. The company also reported a strong book-to-bill ratio of 1.5 times for the fourth quarter, indicating robust demand for its products.
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