Deanna H. Lund Sells 6,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.89, for a total value of $197,340.00. Following the completion of the transaction, the chief financial officer now owns 292,873 shares in the company, valued at approximately $9,632,592.97. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded down $0.10 during mid-day trading on Wednesday, reaching $34.28. The company had a trading volume of 1,385,575 shares, compared to its average volume of 2,256,347. The stock’s 50-day simple moving average is $29.51 and its two-hundred day simple moving average is $25.45. The stock has a market capitalization of $5.18 billion, a P/E ratio of 342.83 and a beta of 1.10. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a one year low of $16.78 and a one year high of $35.66.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $275.90 million during the quarter, compared to the consensus estimate of $278.47 million. During the same period in the previous year, the company posted $0.08 EPS. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

KTOS has been the topic of a number of recent analyst reports. Truist Financial upped their target price on Kratos Defense & Security Solutions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Robert W. Baird raised their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. B. Riley upgraded shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $35.00 in a research note on Monday, January 13th. Finally, JMP Securities lifted their price target on Kratos Defense & Security Solutions from $30.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.30.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new position in Kratos Defense & Security Solutions in the 4th quarter worth about $15,617,000. Van ECK Associates Corp boosted its stake in shares of Kratos Defense & Security Solutions by 45.3% during the 4th quarter. Van ECK Associates Corp now owns 1,292,150 shares of the aerospace company’s stock worth $34,087,000 after acquiring an additional 402,588 shares in the last quarter. American Capital Management Inc. boosted its holdings in shares of Kratos Defense & Security Solutions by 12.8% during the 3rd quarter. American Capital Management Inc. now owns 2,694,948 shares of the aerospace company’s stock worth $62,792,000 after buying an additional 305,925 shares during the period. Franklin Resources Inc. grew its position in shares of Kratos Defense & Security Solutions by 12.2% in the third quarter. Franklin Resources Inc. now owns 2,798,859 shares of the aerospace company’s stock valued at $70,951,000 after purchasing an additional 304,088 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in Kratos Defense & Security Solutions in the 3rd quarter worth approximately $6,310,000. 75.92% of the stock is owned by institutional investors.

About Kratos Defense & Security Solutions

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.