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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Steven S. Fendley sold 7,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $21.09, for a total transaction of $147,630.00. Following the transaction, the insider now owns 384,160 shares of the company’s stock, valued at approximately $8,101,934.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kratos Defense & Security Solutions Trading Up 0.8 %

Shares of KTOS opened at $19.97 on Friday. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 76.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.47. Kratos Defense & Security Solutions, Inc. has a 1-year low of $13.13 and a 1-year high of $22.77. The company has a 50-day moving average of $20.02 and a 200 day moving average of $19.09.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The firm had revenue of $277.20 million during the quarter, compared to the consensus estimate of $250.48 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s revenue was up 19.6% on a year-over-year basis. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.3 EPS for the current year.

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 company. Westwood Holdings Group Inc. bought a new stake in shares of Kratos Defense & Security Solutions in the first quarter valued at about $46,177,000. Virtu Financial LLC purchased a new position in Kratos Defense & Security Solutions during the 1st quarter valued at about $366,000. Comerica Bank raised its holdings in shares of Kratos Defense & Security Solutions by 627.9% in the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 42,817 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Kratos Defense & Security Solutions by 7.1% in the 1st quarter. California State Teachers Retirement System now owns 145,405 shares of the aerospace company’s stock worth $2,673,000 after purchasing an additional 9,577 shares during the period. Finally, Janus Henderson Group PLC lifted its position in shares of Kratos Defense & Security Solutions by 38.7% in the 1st quarter. Janus Henderson Group PLC now owns 77,089 shares of the aerospace company’s stock worth $1,416,000 after purchasing an additional 21,502 shares during the period. Institutional investors own 75.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KTOS shares. Royal Bank of Canada increased their price target on shares of Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Jefferies Financial Group dropped their target price on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. increased their price target on Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. JMP Securities assumed coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and issued a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Thursday, April 25th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.50.

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.