Eric M. Demarco Acquires 7,455 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco bought 7,455 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $33.59 per share, with a total value of $250,413.45. Following the transaction, the chief executive officer now owns 1,396,237 shares in the company, valued at approximately $46,899,600.83. This represents a 0.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock opened at $33.78 on Wednesday. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $36.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 337.83 and a beta of 1.03. The firm’s fifty day moving average price is $31.89 and its 200 day moving average price is $29.40.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on KTOS. StockNews.com lowered shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. upped 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. Robert W. Baird increased their price target on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. JMP Securities reissued an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada upped their target price on 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Hedge Funds Weigh In On Kratos Defense & Security Solutions

Institutional investors have recently made changes to their positions in the business. Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth approximately $46,789,000. Vanguard Group Inc. boosted its stake in Kratos Defense & Security Solutions by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 16,447,687 shares of the aerospace company’s stock valued at $488,332,000 after acquiring an additional 1,728,179 shares during the last quarter. Nuveen LLC acquired a new position in Kratos Defense & Security Solutions during the 1st quarter worth $41,118,000. Raymond James Financial Inc. acquired a new position in Kratos Defense & Security Solutions during the 4th quarter worth $28,944,000. Finally, Invesco Ltd. increased its position in shares of Kratos Defense & Security Solutions by 75.2% in the 1st quarter. Invesco Ltd. now owns 2,402,444 shares of the aerospace company’s stock worth $71,329,000 after purchasing an additional 1,031,223 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

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.