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

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) insider Steven S. Fendley sold 7,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $37.05, for a total value of $259,350.00. Following the completion of the sale, the insider now directly owns 377,478 shares in the company, valued at $13,985,559.90. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ:KTOS traded up $0.40 during trading on Friday, hitting $36.83. 2,235,600 shares of the stock were exchanged, compared to its average volume of 1,692,303. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $39.16. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 368.34 and a beta of 1.03. The company's fifty day simple moving average is $33.34 and its 200-day simple moving average is $30.43. 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 (NASDAQ:KTOS - Get Free Report) last announced 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 company had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the firm earned $0.11 EPS. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Kratos Defense & Security Solutions

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Kratos Defense & Security Solutions by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock valued at $488,332,000 after buying an additional 1,728,179 shares in the last quarter. FMR LLC boosted its stake in Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after buying an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after buying an additional 203,245 shares in the last quarter. Franklin Resources Inc. boosted its stake in Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after buying an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Kratos Defense & Security Solutions by 25.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,609,621 shares of the aerospace company's stock valued at $77,480,000 after buying an additional 530,599 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

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.