Kratos Defense & Security Solutions (NASDAQ:KTOS) Insider Thomas Iv Mills Sells 5,758 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) insider Thomas Iv Mills sold 5,758 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $91.26, for a total transaction of $525,475.08. Following the completion of the sale, the insider owned 4,086 shares in the company, valued at approximately $372,888.36. This trade represents a 58.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Trading Up 0.2%

Shares of Kratos Defense & Security Solutions stock traded up $0.18 during trading hours on Wednesday, hitting $89.13. The company’s stock had a trading volume of 3,327,380 shares, compared to its average volume of 4,619,712. The company has a market capitalization of $15.18 billion, a PE ratio of 685.67 and a beta of 1.12. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.06 and a quick ratio of 3.46. The stock has a 50 day moving average of $98.63 and a 200 day moving average of $85.60. Kratos Defense & Security Solutions, Inc. has a 12 month low of $25.78 and a 12 month high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings results on Monday, February 23rd. The aerospace company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Kratos Defense & Security Solutions had a return on equity of 3.34% and a net margin of 1.63%.The company had revenue of $345.10 million for the quarter, compared to analyst estimates of $327.51 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. Analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in shares of Kratos Defense & Security Solutions by 22.6% during the 1st quarter. Royal Bank of Canada now owns 190,481 shares of the aerospace company’s stock worth $5,655,000 after acquiring an additional 35,098 shares in the last quarter. Amundi bought a new stake in Kratos Defense & Security Solutions during the first quarter worth $791,000. NewEdge Advisors LLC lifted its stake in Kratos Defense & Security Solutions by 64.4% during the first quarter. NewEdge Advisors LLC now owns 1,315 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 515 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Kratos Defense & Security Solutions by 178.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,570 shares of the aerospace company’s stock valued at $108,000 after purchasing an additional 2,286 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kratos Defense & Security Solutions by 11.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 393,614 shares of the aerospace company’s stock valued at $11,686,000 after purchasing an additional 41,265 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KTOS has been the topic of a number of recent analyst reports. Jefferies Financial Group restated a “hold” rating and set a $85.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on shares of Kratos Defense & Security Solutions from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. BTIG Research upped their target price on shares of Kratos Defense & Security Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Stifel Nicolaus lifted their price target on Kratos Defense & Security Solutions from $112.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kratos Defense & Security Solutions in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.28.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.