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Profit Investment Management LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 128,544 shares of the aerospace company’s stock, valued at approximately $2,608,000. Profit Investment Management LLC owned about 0.10% of Kratos Defense & Security Solutions at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Kratos Defense & Security Solutions by 0.4% in the third quarter. Vanguard Group Inc. now owns 11,935,354 shares of the aerospace company’s stock worth $179,269,000 after buying an additional 43,559 shares during the last quarter. BlackRock Inc. increased its stake in shares of Kratos Defense & Security Solutions by 3.6% in the first quarter. BlackRock Inc. now owns 11,312,186 shares of the aerospace company’s stock worth $152,488,000 after buying an additional 396,408 shares during the last quarter. State Street Corp increased its stake in shares of Kratos Defense & Security Solutions by 11.8% in the second quarter. State Street Corp now owns 6,217,807 shares of the aerospace company’s stock worth $86,303,000 after buying an additional 656,295 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Kratos Defense & Security Solutions by 4.6% in the fourth quarter. Bamco Inc. NY now owns 4,302,756 shares of the aerospace company’s stock worth $44,404,000 after buying an additional 190,000 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Kratos Defense & Security Solutions by 2.5% in the second quarter. Stephens Investment Management Group LLC now owns 4,211,326 shares of the aerospace company’s stock worth $60,390,000 after buying an additional 103,772 shares during the last quarter. Institutional investors own 83.60% of the company’s stock.
Insider Buying and Selling at Kratos Defense & Security Solutions
In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $20.14, for a total transaction of $120,840.00. Following the completion of the sale, the chief financial officer now directly owns 153,284 shares of the company’s stock, valued at $3,087,139.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the completion of the sale, the senior vice president now directly owns 90,713 shares of the company’s stock, valued at $1,637,369.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Deanna H. Lund sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $20.14, for a total transaction of $120,840.00. Following the completion of the sale, the chief financial officer now directly owns 153,284 shares of the company’s stock, valued at $3,087,139.76. The disclosure for this sale can be found here. In the last three months, insiders sold 46,038 shares of company stock valued at $877,559. 2.17% of the stock is owned by insiders.
Kratos Defense & Security Solutions Price Performance
KTOS stock traded down $0.27 during trading on Friday, hitting $17.50. The company had a trading volume of 809,425 shares, compared to its average volume of 2,056,918. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -291.62 and a beta of 0.80. The business has a 50 day moving average of $18.22 and a 200 day moving average of $17.91. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $12.12 and a fifty-two week high of $21.60. The company has a current ratio of 2.03, a quick ratio of 1.50 and a debt-to-equity ratio of 0.22.
Kratos Defense & Security Solutions (NASDAQ:KTOS – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $273.80 million during the quarter, compared to the consensus estimate of $253.39 million. Kratos Defense & Security Solutions had a negative net margin of 0.86% and a positive return on equity of 3.01%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on KTOS. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group boosted their target price on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $23.00 target price on shares of Kratos Defense & Security Solutions in a research note on Wednesday, February 14th. Finally, Benchmark upped their price target on shares of Kratos Defense & Security Solutions from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.
View Our Latest Stock Report on Kratos Defense & Security Solutions
About Kratos Defense & Security Solutions
(Free Report)
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.
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