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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the sale, the chief financial officer now owns 279,775 shares in the company, valued at $6,625,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Trading Down 0.6 %

Shares of KTOS stock traded down $0.16 during trading hours on Thursday, hitting $25.18. 1,227,983 shares of the company were exchanged, compared to its average volume of 1,159,433. The company has a 50 day simple moving average of $21.97 and a two-hundred day simple moving average of $20.48. The firm has a market cap of $3.80 billion, a P/E ratio of 72.78 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $14.33 and a fifty-two week high of $25.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KTOS. Westwood Holdings Group Inc. acquired a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $46,177,000. Vanguard Group Inc. grew its holdings in Kratos Defense & Security Solutions by 14.9% during the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Hood River Capital Management LLC raised its position 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 buying an additional 1,331,499 shares during the last quarter. Element Capital Management LLC bought a new position in Kratos Defense & Security Solutions during the 1st quarter valued at $11,198,000. Finally, Bamco Inc. NY boosted its holdings in Kratos Defense & Security Solutions by 13.2% during 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 during the last quarter. Institutional investors own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Friday, September 13th. Robert W. Baird increased their price objective on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a report on Wednesday, June 26th. They set a “neutral” rating on the stock. Truist Financial reissued a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $27.00 target price on shares of Kratos Defense & Security Solutions in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

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.