Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco Acquires 11,980 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco purchased 11,980 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average cost of $20.89 per share, with a total value of $250,262.20. Following the completion of the purchase, the chief executive officer now owns 1,070,244 shares in the company, valued at $22,357,397.16. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $0.16 during midday trading on Wednesday, reaching $20.95. 457,096 shares of the company were exchanged, compared to its average volume of 1,171,563. 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 business has a 50-day moving average price of $20.78 and a two-hundred day moving average price of $19.61. Kratos Defense & Security Solutions, Inc. has a one year low of $13.98 and a one year high of $22.96. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 66.12 and a beta of 1.05.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James raised Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and upped their price target for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $25.00 price target on shares of Kratos Defense & Security Solutions in a research note on Friday, June 28th. Royal Bank of Canada upped their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. BTIG Research initiated coverage on Kratos Defense & Security Solutions in a research note on Wednesday, June 26th. They set a “neutral” rating for the company. Finally, JMP Securities initiated coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They set a “market outperform” rating and a $27.00 target price for the company. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TFO Wealth Partners LLC raised its stake in Kratos Defense & Security Solutions by 120,800.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,209 shares of the aerospace company’s stock valued at $25,000 after purchasing an additional 1,208 shares in the last quarter. MFA Wealth Advisors LLC acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at about $30,000. PNC Financial Services Group Inc. raised its stake in Kratos Defense & Security Solutions by 222.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,777 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,226 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Kratos Defense & Security Solutions in the second quarter valued at about $36,000. Finally, NBC Securities Inc. acquired a new position in Kratos Defense & Security Solutions in the first quarter valued at about $33,000. Institutional investors and hedge funds own 75.92% of the company’s stock.

About Kratos Defense & Security Solutions

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.