Stacey G. Rock Sells 4,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Stacey G. Rock sold 4,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $22.96, for a total transaction of $91,840.00. Following the completion of the sale, the insider now owns 51,063 shares of the company’s stock, valued at $1,172,406.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kratos Defense & Security Solutions Trading Up 0.7 %

Shares of Kratos Defense & Security Solutions stock opened at $22.87 on Friday. The firm has a market capitalization of $3.45 billion, a PE ratio of 326.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The company’s fifty day moving average price is $23.48 and its two-hundred day moving average price is $21.46. Kratos Defense & Security Solutions, Inc. has a 52-week low of $16.36 and a 52-week high of $25.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $300.10 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

KTOS has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and issued a $27.00 price objective (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Benchmark reiterated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. B. Riley cut shares of Kratos Defense & Security Solutions from a “buy” rating to a “neutral” rating and upped their target price for the company from $24.00 to $26.00 in a research note on Wednesday. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, JMP Securities reiterated a “market outperform” rating and set a $27.00 target price on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.10.

Institutional Investors Weigh In On Kratos Defense & Security Solutions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kratos Defense & Security Solutions by 14.9% in the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kratos Defense & Security Solutions by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after purchasing an additional 136,696 shares during the last quarter. Hood River Capital Management LLC lifted its position in Kratos Defense & Security Solutions by 5.5% during the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock worth $53,960,000 after buying an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in Kratos Defense & Security Solutions by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock worth $50,655,000 after buying an additional 19,104 shares in the last quarter. Institutional investors own 75.92% of the company’s stock.

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.