By otakuyassine3@gmail.com 
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Get Free Report) insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $33.16, for a total value of $232,120.00. Following the completion of the sale, the insider now owns 365,461 shares in the company, valued at approximately $12,118,686.76. The trade was a 1.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kratos Defense & Security Solutions Trading Down 2.2 %
Shares of NASDAQ:KTOS traded down $0.73 during mid-day trading on Wednesday, hitting $32.75. The stock had a trading volume of 2,212,404 shares, compared to its average volume of 2,484,763. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. The company has a market cap of $4.95 billion, a PE ratio of 327.53 and a beta of 1.07. Kratos Defense & Security Solutions, Inc. has a 12-month low of $16.71 and a 12-month high of $35.66. The company’s 50 day moving average is $28.80 and its 200-day moving average is $25.02.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The aerospace company reported $0.07 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 for the quarter, compared to analyst estimates of $278.47 million. During the same quarter last year, the company earned $0.08 EPS. On average, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on KTOS. B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $26.00 to $35.00 in a research report on Monday, January 13th. StockNews.com upgraded shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. JMP Securities increased their target price on shares of Kratos Defense & Security Solutions from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group raised their price objective on shares of Kratos Defense & Security Solutions from $25.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.30.
View Our Latest Stock Analysis on KTOS
Hedge Funds Weigh In On Kratos Defense & Security Solutions
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Kratos Defense & Security Solutions by 582.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,078 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 920 shares during the last quarter. Contravisory Investment Management Inc. increased its position in Kratos Defense & Security Solutions by 68.7% in the 3rd quarter. Contravisory Investment Management Inc. now owns 1,090 shares of the aerospace company’s stock valued at $25,000 after acquiring an additional 444 shares in the last quarter. Hemington Wealth Management grew its position in shares of Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 3rd quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. acquired a new position in Kratos Defense & Security Solutions during the third quarter valued at approximately $53,000. 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.
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