Benjamin M. Goodwin Sells 70,000 Shares of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) Stock

Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) SVP Benjamin M. Goodwin sold 70,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $19.77, for a total value of $1,383,900.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of KTOS traded up $0.03 on Friday, reaching $19.78. The stock had a trading volume of 1,910,600 shares, compared to its average volume of 1,236,806. The firm has a market capitalization of $1.90 billion, a PE ratio of 116.35, a PEG ratio of 10.41 and a beta of 1.26. The company has a quick ratio of 2.33, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. The firm has a 50-day moving average of $18.90 and a 200 day moving average of $20.26. Kratos Defense & Security Solutions, Inc has a twelve month low of $12.31 and a twelve month high of $25.08.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Tuesday, November 5th. The aerospace company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $184.32 million. Kratos Defense & Security Solutions had a return on equity of 4.59% and a net margin of 2.04%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc will post 0.23 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on KTOS. Robert W. Baird set a $25.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Monday, September 23rd. BidaskClub raised Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Friday, September 20th. Canaccord Genuity set a $28.00 target price on Kratos Defense & Security Solutions and gave the stock a “buy” rating in a research note on Friday, October 11th. ValuEngine downgraded Kratos Defense & Security Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Finally, Goldman Sachs Group raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $26.00 in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Hawaiian Bank grew its holdings in shares of Kratos Defense & Security Solutions by 36.5% in the 2nd quarter. First Hawaiian Bank now owns 19,660 shares of the aerospace company’s stock worth $450,000 after acquiring an additional 5,260 shares during the period. First Trust Advisors LP acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $2,897,000. Calamos Advisors LLC acquired a new stake in Kratos Defense & Security Solutions during the 2nd quarter valued at $990,000. State Board of Administration of Florida Retirement System grew its holdings in Kratos Defense & Security Solutions by 1.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 51,014 shares of the aerospace company’s stock valued at $1,168,000 after buying an additional 760 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Kratos Defense & Security Solutions by 17.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,819 shares of the aerospace company’s stock valued at $751,000 after buying an additional 4,884 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through two segments, Kratos Government Solutions and Unmanned Systems. The Kratos Government Solutions segment offers microwave electronic products, satellite communications, training systems, modular systems, and defense and rocket support services.

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