Kratos Defense & Security Solutions (KTOS) Insider Phillip D. Carrai Buys 4,000 Shares

Kratos Defense & Security Solutions (NASDAQ:KTOS) insider Phillip D. Carrai purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The stock was acquired at an average price of $9.45 per share, for a total transaction of $37,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of NASDAQ KTOS opened at $10.57 on Wednesday. Kratos Defense & Security Solutions has a 12 month low of $7.37 and a 12 month high of $13.93. The company has a market cap of $1,091.03, a PE ratio of 264.25, a PEG ratio of 15.61 and a beta of 1.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.23 and a current ratio of 2.49.

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Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, February 28th. The aerospace company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Kratos Defense & Security Solutions had a positive return on equity of 0.73% and a negative net margin of 5.68%. The firm had revenue of $202.20 million for the quarter, compared to analyst estimates of $194.99 million. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue was up 11.0% on a year-over-year basis. analysts forecast that Kratos Defense & Security Solutions will post 0.09 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in KTOS. The Manufacturers Life Insurance Company lifted its position in shares of Kratos Defense & Security Solutions by 22.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 59,995 shares of the aerospace company’s stock valued at $712,000 after buying an additional 10,799 shares in the last quarter. State of Wisconsin Investment Board purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $2,943,000. Swiss National Bank lifted its position in shares of Kratos Defense & Security Solutions by 17.1% during the 3rd quarter. Swiss National Bank now owns 143,800 shares of the aerospace company’s stock valued at $1,881,000 after buying an additional 21,000 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Kratos Defense & Security Solutions by 260.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 169,472 shares of the aerospace company’s stock valued at $2,216,000 after buying an additional 122,510 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 3rd quarter valued at approximately $149,000. Hedge funds and other institutional investors own 74.76% of the company’s stock.

Several equities analysts recently weighed in on KTOS shares. Noble Financial reiterated a “buy” rating on shares of Kratos Defense & Security Solutions in a report on Thursday, January 4th. Seaport Global Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Kratos Defense & Security Solutions in a report on Thursday, March 8th. BidaskClub raised shares of Kratos Defense & Security Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Zacks Investment Research cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. Finally, ValuEngine raised shares of Kratos Defense & Security Solutions from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.40.

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Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc provides mission critical products, solutions, and services in the United States. The company operates through three segments: Kratos Government Solutions, Unmanned Systems, and Public Safety & Security. 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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