Thomas E. Iv Mills Sells 5,786 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas E. Iv Mills sold 5,786 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total transaction of $191,574.46. Following the completion of the sale, the insider now owns 15,332 shares in the company, valued at approximately $507,642.52. The trade was a 27.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Kratos Defense & Security Solutions Stock Up 2.4%

Kratos Defense & Security Solutions stock opened at $35.21 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $36.85. The firm has a 50 day moving average price of $32.38 and a two-hundred day moving average price of $29.65. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 352.14 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. Kratos Defense & Security Solutions’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. Equities analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KTOS shares. JMP Securities reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. StockNews.com downgraded shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 10th. Finally, Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Institutional Trading of Kratos Defense & Security Solutions

Several hedge funds have recently modified their holdings of KTOS. Barclays PLC increased its stake in shares of Kratos Defense & Security Solutions by 239.5% in the 3rd quarter. Barclays PLC now owns 273,100 shares of the aerospace company’s stock valued at $6,363,000 after acquiring an additional 192,667 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Kratos Defense & Security Solutions by 1.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 249,781 shares of the aerospace company’s stock valued at $5,820,000 after acquiring an additional 3,770 shares in the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 229.4% in the 4th quarter. Contravisory Investment Management Inc. now owns 3,590 shares of the aerospace company’s stock valued at $95,000 after acquiring an additional 2,500 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Kratos Defense & Security Solutions by 34.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,742 shares of the aerospace company’s stock valued at $864,000 after acquiring an additional 8,447 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at $132,000. Institutional investors own 75.92% of the company’s stock.

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.