Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Steven S. Fendley Sells 7,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $46.06, for a total transaction of $322,420.00. Following the sale, the insider directly owned 360,475 shares of the company’s stock, valued at approximately $16,603,478.50. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Up 0.5%

Shares of KTOS stock opened at $43.28 on Thursday. The firm has a fifty day moving average of $38.15 and a 200-day moving average of $32.82. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $47.09. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 332.95 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the stock. Costello Asset Management INC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $29,000. Aspect Partners LLC boosted its holdings in 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 worth $30,000 after purchasing an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $30,000. Larson Financial Group LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $30,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Kratos Defense & Security Solutions by 202.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 700 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Monday. Noble Financial upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, June 17th. Stifel Nicolaus assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, June 24th. They issued a “buy” rating and a $52.00 target price for the company. Benchmark upped their target price on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Finally, Truist Financial upped 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 research note on Friday, June 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $43.55.

About Kratos Defense & Security Solutions

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.