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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSGet Free Report) insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $20.40, for a total transaction of $142,800.00. Following the transaction, the insider now owns 305,383 shares in the company, valued at $6,229,813.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Down 0.1 %

Shares of KTOS traded down $0.02 during mid-day trading on Thursday, hitting $20.59. 575,829 shares of the company’s stock were exchanged, compared to its average volume of 899,129. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -137.26 and a beta of 0.74. The firm has a fifty day moving average of $18.96 and a two-hundred day moving average of $16.37. The company has a quick ratio of 1.73, a current ratio of 2.30 and a debt-to-equity ratio of 0.25. Kratos Defense & Security Solutions, Inc. has a twelve month low of $9.67 and a twelve month high of $21.42.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Kratos Defense & Security Solutions had a positive return on equity of 2.46% and a negative net margin of 1.94%. The company had revenue of $274.60 million during the quarter, compared to the consensus estimate of $251.91 million. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Kratos Defense & Security Solutions from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. StockNews.com began coverage on shares of Kratos Defense & Security Solutions in a report on Thursday, October 5th. They set a “hold” rating for the company. Raymond James upped their price objective on shares of Kratos Defense & Security Solutions from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Finally, Benchmark restated a “buy” rating and set a $20.00 price target on shares of Kratos Defense & Security Solutions in a report on Monday, December 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.40.

Get Our Latest Stock Analysis on KTOS

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Kratos Defense & Security Solutions by 22.5% in the first quarter. JPMorgan Chase & Co. now owns 158,678 shares of the aerospace company’s stock valued at $3,249,000 after purchasing an additional 29,108 shares during the last quarter. Raymond James & Associates boosted its position in shares of Kratos Defense & Security Solutions by 36.0% in the first quarter. Raymond James & Associates now owns 103,393 shares of the aerospace company’s stock valued at $2,117,000 after acquiring an additional 27,379 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Kratos Defense & Security Solutions by 32.4% in the first quarter. Bank of New York Mellon Corp now owns 777,199 shares of the aerospace company’s stock worth $15,917,000 after acquiring an additional 190,343 shares during the last quarter. MetLife Investment Management LLC raised its stake in Kratos Defense & Security Solutions by 54.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,490 shares of the aerospace company’s stock valued at $1,341,000 after purchasing an additional 22,960 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Kratos Defense & Security Solutions by 3.2% in the 1st quarter. BlackRock Inc. now owns 9,572,976 shares of the aerospace company’s stock valued at $196,054,000 after purchasing an additional 294,143 shares during the period. 83.60% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Company Profile

(Get Free Report)

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, National Security, and commercial markets. The company develops and fields transformative, affordable systems, products, and solutions. It operates through two segments, Kratos Government Solutions and Unmanned Systems.

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Insider Buying and Selling by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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