Oppenheimer & Co. Inc. Decreases Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Oppenheimer & Co. Inc. decreased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,157 shares of the aerospace company's stock after selling 85,931 shares during the period. Oppenheimer & Co. Inc. owned 0.16% of Kratos Defense & Security Solutions worth $4,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KTOS. Arizona State Retirement System boosted its stake in Kratos Defense & Security Solutions by 2.1% during the 3rd quarter. Arizona State Retirement System now owns 36,332 shares of the aerospace company's stock valued at $546,000 after purchasing an additional 751 shares during the period. Barclays PLC grew its holdings in Kratos Defense & Security Solutions by 258.6% in the 3rd quarter. Barclays PLC now owns 171,668 shares of the aerospace company's stock worth $2,578,000 after buying an additional 123,792 shares in the last quarter. Swiss National Bank increased its position in Kratos Defense & Security Solutions by 1.7% in the 3rd quarter. Swiss National Bank now owns 280,500 shares of the aerospace company's stock valued at $4,213,000 after acquiring an additional 4,700 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Kratos Defense & Security Solutions by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,291,382 shares of the aerospace company's stock valued at $19,397,000 after acquiring an additional 41,419 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Kratos Defense & Security Solutions by 73.1% during the 3rd quarter. Van ECK Associates Corp now owns 50,013 shares of the aerospace company's stock worth $751,000 after acquiring an additional 21,117 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KTOS. The Goldman Sachs Group upped their price target on shares of Kratos Defense & Security Solutions from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Jefferies Financial Group decreased their price target on Kratos Defense & Security Solutions from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, April 10th. JMP Securities assumed coverage on Kratos Defense & Security Solutions in a research note on Tuesday, May 28th. They issued a "market outperform" rating and a $27.00 price objective on the stock. Raymond James raised Kratos Defense & Security Solutions from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $20.00 to $27.00 in a research note on Friday, April 26th. Finally, Benchmark reaffirmed a "buy" rating and set a $25.00 target price on shares of Kratos Defense & Security Solutions in a report on Thursday, April 25th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

Kratos Defense & Security Solutions Trading Down 2.0 %

Shares of NASDAQ KTOS traded down $0.42 during mid-day trading on Friday, hitting $20.38. 625,099 shares of the company traded hands, compared to its average volume of 1,253,645. The company has a quick ratio of 2.47, a current ratio of 3.02 and a debt-to-equity ratio of 0.14. Kratos Defense & Security Solutions, Inc. has a 1 year low of $13.13 and a 1 year high of $22.77. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 81.92 and a beta of 1.05. The business has a 50 day moving average of $19.41 and a two-hundred day moving average of $19.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.05 by $0.06. The company had revenue of $277.20 million during the quarter, compared to analysts' expectations of $250.48 million. Kratos Defense & Security Solutions had a negative net margin of 0.06% and a positive return on equity of 3.43%. The business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period last year, the company posted $0.01 earnings per share. On average, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, Director Bradley L. Boyd sold 1,720 shares of the company's stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total value of $37,220.80. Following the completion of the sale, the director now owns 3,280 shares in the company, valued at approximately $70,979.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Kratos Defense & Security Solutions news, Director Bradley L. Boyd sold 1,720 shares of the company's stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $21.64, for a total value of $37,220.80. Following the transaction, the director now owns 3,280 shares in the company, valued at approximately $70,979.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Phillip D. Carrai sold 3,500 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $17.40, for a total transaction of $60,900.00. Following the completion of the transaction, the insider now owns 292,944 shares in the company, valued at approximately $5,097,225.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,258 shares of company stock worth $3,447,255. 2.27% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Company Profile

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.