Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Insider Phillip D. Carrai Sells 6,000 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Phillip D. Carrai sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $51.42, for a total transaction of $308,520.00. Following the completion of the sale, the insider owned 270,104 shares of the company’s stock, valued at $13,888,747.68. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kratos Defense & Security Solutions Trading Up 0.8%

NASDAQ KTOS opened at $59.41 on Friday. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $9.12 billion, a PE ratio of 456.08 and a beta of 1.06. The company has a 50 day moving average price of $41.28 and a 200 day moving average price of $34.52. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $59.90.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the prior year, the business posted $0.11 EPS. Kratos Defense & Security Solutions’s revenue for the quarter was up 9.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KTOS has been the subject of several analyst reports. Stifel Nicolaus set a $54.00 target price on shares of Kratos Defense & Security Solutions and gave the stock a “buy” rating in a report on Thursday, July 3rd. Royal Bank Of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Noble Financial reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Monday. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, June 30th. Finally, Wall Street Zen cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One equities 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.25.

Institutional Trading of Kratos Defense & Security Solutions

Large investors have recently made changes to their positions in the business. Rovida Investment Management Ltd acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $46,789,000. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock worth $488,332,000 after acquiring an additional 1,728,179 shares during the period. Nuveen LLC acquired a new position in Kratos Defense & Security Solutions during the first quarter worth $41,118,000. Voya Investment Management LLC raised its position in Kratos Defense & Security Solutions by 129.2% during the first quarter. Voya Investment Management LLC now owns 2,163,223 shares of the aerospace company’s stock worth $64,226,000 after acquiring an additional 1,219,585 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth $28,944,000. 75.92% of the stock is owned by hedge funds and other institutional investors.

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.