Insider Selling: Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Sells 6,567 Shares of Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CFO Deanna H. Lund sold 6,567 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $247,904.25. Following the sale, the chief financial officer now directly owns 318,766 shares of the company's stock, valued at $12,033,416.50. This represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kratos Defense & Security Solutions Stock Up 2.6%

Shares of NASDAQ KTOS traded up $1.01 during mid-day trading on Wednesday, reaching $40.10. The company had a trading volume of 1,931,159 shares, compared to its average volume of 1,708,089. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 401.04 and a beta of 1.03. The stock has a fifty day moving average of $33.81 and a two-hundred day moving average of $30.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $40.53.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KTOS shares. JMP Securities reaffirmed an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Royal Bank of Canada increased their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Benchmark increased their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

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. Rhumbline Advisers grew its stake in shares of Kratos Defense & Security Solutions by 63.2% in the first quarter. Rhumbline Advisers now owns 360,665 shares of the aerospace company's stock worth $10,708,000 after acquiring an additional 139,725 shares during the last quarter. Strs Ohio acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $374,000. Belpointe Asset Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $517,000. Intech Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 29.5% in the first quarter. Intech Investment Management LLC now owns 80,761 shares of the aerospace company's stock worth $2,398,000 after acquiring an additional 18,405 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Kratos Defense & Security Solutions in the first quarter worth $225,000. Institutional investors and hedge funds own 75.92% of the company's stock.

About Kratos Defense & Security Solutions

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.

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