Phillip D. Carrai Sells 3,500 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $22.14, for a total transaction of $77,490.00. Following the transaction, the insider now owns 272,570 shares in the company, valued at approximately $6,034,699.80. The sale was disclosed in a filing with the SEC, which is available at this link.

Kratos Defense & Security Solutions Trading Down 2.6 %

Kratos Defense & Security Solutions stock opened at $22.80 on Friday. The company has a current ratio of 3.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.44 billion, a PE ratio of 69.22 and a beta of 1.02. The stock’s 50 day simple moving average is $21.61 and its two-hundred day simple moving average is $20.10. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $24.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The company had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business earned $0.05 earnings per share. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on KTOS shares. BTIG Research began coverage on Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They issued a “neutral” rating on the stock. JMP Securities assumed coverage on Kratos Defense & Security Solutions in a report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, May 28th. Finally, Royal Bank of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently modified their holdings of KTOS. Westwood Holdings Group Inc. acquired a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $46,177,000. Vanguard Group Inc. lifted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC grew its stake in Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company’s stock valued at $46,994,000 after acquiring an additional 1,331,499 shares during the period. Element Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter worth $11,198,000. Finally, Bamco Inc. NY increased its holdings in Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after acquiring an additional 511,538 shares in the last quarter. Hedge funds and other institutional investors own 75.92% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.