Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Acquires $250,413.45 in Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Get Free Report) CEO Eric M. Demarco bought 7,455 shares of the stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $33.59 per share, for a total transaction of $250,413.45. Following the acquisition, the chief executive officer now owns 1,396,237 shares in the company, valued at $46,899,600.83. The trade was a 0.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kratos Defense & Security Solutions Trading Up 1.0%

Kratos Defense & Security Solutions stock traded up $0.32 during midday trading on Monday, hitting $33.93. 2,211,127 shares of the stock were exchanged, compared to its average volume of 1,651,699. The company has a fifty day simple moving average of $31.77 and a two-hundred day simple moving average of $29.33. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $36.85. The stock has a market capitalization of $5.21 billion, a PE ratio of 339.33 and a beta of 1.03. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period last year, the company posted $0.11 EPS. The business's quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Kratos Defense & Security Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Kratos Defense & Security Solutions by 11.7% during the first quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company's stock worth $488,332,000 after buying an additional 1,728,179 shares during the last quarter. FMR LLC raised its stake in Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after purchasing an additional 203,245 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after acquiring an additional 317,305 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Kratos Defense & Security Solutions by 75.2% in the first quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company's stock valued at $71,329,000 after buying an additional 1,031,223 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KTOS shares. Robert W. Baird upped their target price on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday. B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $35.00 in a report on Monday, January 13th. StockNews.com lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Royal Bank of Canada increased their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.75.

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.

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