Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco Purchases 12,396 Shares

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) CEO Eric M. Demarco acquired 12,396 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $20.19 per share, with a total value of $250,275.24. Following the purchase, the chief executive officer now owns 1,058,264 shares in the company, valued at $21,366,350.16. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Kratos Defense & Security Solutions Stock Up 4.5 %

KTOS stock opened at $21.16 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 62.00 and a beta of 1.05. Kratos Defense & Security Solutions, Inc. has a 12 month low of $13.98 and a 12 month high of $22.96. The firm’s fifty day simple moving average is $20.75 and its 200-day simple moving average is $19.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.13 and a quick ratio of 2.56.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its quarterly earnings results on Wednesday, August 7th. The aerospace company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $300.10 million for the quarter, compared to the consensus estimate of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. As a group, equities research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KTOS. Arkadios Wealth Advisors grew its stake in shares of Kratos Defense & Security Solutions by 0.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 55,630 shares of the aerospace company’s stock worth $1,113,000 after purchasing an additional 500 shares during the period. Register Financial Advisors LLC boosted its holdings in Kratos Defense & Security Solutions by 0.4% during the first quarter. Register Financial Advisors LLC now owns 190,604 shares of the aerospace company’s stock worth $3,503,000 after buying an additional 750 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Kratos Defense & Security Solutions by 1.6% during the first quarter. Sequoia Financial Advisors LLC now owns 64,027 shares of the aerospace company’s stock valued at $1,177,000 after buying an additional 982 shares during the period. LGL Partners LLC increased its holdings in Kratos Defense & Security Solutions by 2.0% in the fourth quarter. LGL Partners LLC now owns 51,000 shares of the aerospace company’s stock valued at $1,035,000 after buying an additional 999 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Kratos Defense & Security Solutions by 0.5% in the second quarter. Rhumbline Advisers now owns 230,059 shares of the aerospace company’s stock worth $4,603,000 after acquiring an additional 1,092 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price target on Kratos Defense & Security Solutions from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Benchmark reiterated 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. Raymond James upgraded Kratos Defense & Security Solutions from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $20.00 to $27.00 in a research note on Friday, April 26th. JMP Securities initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Tuesday, May 28th. They issued a “market outperform” rating and a $27.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

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.