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 on Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total value of $191,574.46. Following the sale, the insider now directly owns 15,332 shares in the company, valued at approximately $507,642.52. This trade represents a 27.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Stock Up 2.4%

Shares of KTOS opened at $35.21 on Monday. The company has a market capitalization of $5.40 billion, a PE ratio of 352.14 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $36.85. The stock’s 50-day moving average price is $32.38 and its two-hundred day moving average price is $29.70. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KTOS. Barclays PLC raised its position 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 worth $6,363,000 after acquiring an additional 192,667 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 worth $5,820,000 after acquiring an additional 3,770 shares in the last quarter. Contravisory Investment Management Inc. raised its position 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 worth $95,000 after acquiring an additional 2,500 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in 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 buying an additional 8,447 shares in the last quarter. Finally, Sugar Maple Asset Management LLC bought a new stake in Kratos Defense & Security Solutions in the 4th quarter valued at about $132,000. 75.92% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KTOS has been the topic of several recent research reports. Benchmark raised their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Royal Bank of Canada raised their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. StockNews.com downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Saturday, May 10th. Finally, Truist Financial lifted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.75.

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.