Deanna H. Lund Sells 6,000 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the chief financial officer now owns 279,775 shares in the company, valued at approximately $6,625,072. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS opened at $24.75 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56. The company has a market cap of $3.71 billion, a PE ratio of 72.81 and a beta of 1.02. The stock has a fifty day moving average price of $22.07 and a 200 day moving average price of $20.56. Kratos Defense & Security Solutions, Inc. has a 1-year low of $14.58 and a 1-year high of $25.51.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a net margin of 0.89% and a return on equity of 3.92%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Kratos Defense & Security Solutions by 14.9% in the first quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company’s stock valued at $256,813,000 after buying an additional 1,807,580 shares in the last quarter. Bamco Inc. NY boosted its position in shares of Kratos Defense & Security Solutions by 13.2% during the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company’s stock worth $80,396,000 after purchasing an additional 511,538 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Kratos Defense & Security Solutions by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,190,639 shares of the aerospace company’s stock worth $83,855,000 after purchasing an additional 136,696 shares during the period. Hood River Capital Management LLC increased its holdings in shares of Kratos Defense & Security Solutions by 5.5% in the 2nd quarter. Hood River Capital Management LLC now owns 2,696,640 shares of the aerospace company’s stock valued at $53,960,000 after purchasing an additional 139,853 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,531,476 shares of the aerospace company’s stock valued at $50,655,000 after purchasing an additional 19,104 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 price objective on shares of Kratos Defense & Security Solutions in a report on Tuesday. Robert W. Baird raised their price target on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. BTIG Research started coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They issued a “neutral” rating for the company. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $27.00 price target (up previously from $25.00) on shares of Kratos Defense & Security Solutions in a research report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.00.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc operates as a technology company that addresses the defense, national security, and commercial markets. It operates through two segments, Kratos Government Solutions and Unmanned Systems. The company offers ground systems for satellites and space vehicles, including software for command and control, telemetry, and tracking and control; jet-powered unmanned aerial drone systems, hypersonic vehicles, and rocket systems; propulsion systems for drones, missiles, loitering munitions, supersonic systems, spacecraft, and launch systems; command, control, communication, computing, combat, intelligence surveillance and reconnaissance; and microwave electronic products for missile, radar, missile defense, space, and satellite; counter unmanned aircraft systems, directed energy, communication and other systems, and virtual and augmented reality training systems for the warfighter.