Northside Capital Management LLC Cuts Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Northside Capital Management LLC lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 50.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,830 shares of the aerospace company's stock after selling 37,832 shares during the quarter. Northside Capital Management LLC's holdings in Kratos Defense & Security Solutions were worth $881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of Kratos Defense & Security Solutions by 113.1% during the first quarter. Sei Investments Co. now owns 311,594 shares of the aerospace company's stock worth $5,727,000 after buying an additional 165,356 shares during the period. Comerica Bank lifted its position in Kratos Defense & Security Solutions by 627.9% during the 1st quarter. Comerica Bank now owns 49,636 shares of the aerospace company's stock worth $912,000 after acquiring an additional 42,817 shares during the period. Swiss National Bank grew its stake in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Swiss National Bank now owns 287,600 shares of the aerospace company's stock valued at $5,286,000 after purchasing an additional 33,500 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 12,164,826 shares of the aerospace company's stock valued at $246,824,000 after purchasing an additional 229,472 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Kratos Defense & Security Solutions by 272.8% during the second quarter. Assenagon Asset Management S.A. now owns 432,526 shares of the aerospace company's stock worth $8,655,000 after purchasing an additional 316,500 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded down $0.37 on Friday, reaching $24.85. The company had a trading volume of 576,878 shares, compared to its average volume of 1,140,634. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13. The company's fifty day moving average is $22.88 and its 200 day moving average is $21.06. The company has a market cap of $3.73 billion, a P/E ratio of 355.00 and a beta of 1.02. Kratos Defense & Security Solutions, Inc. has a 1 year low of $16.36 and a 1 year high of $25.91.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The aerospace company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $300.10 million for the quarter, compared to analyst estimates of $276.08 million. Kratos Defense & Security Solutions had a return on equity of 3.92% and a net margin of 0.89%. The business's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. On average, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

KTOS has been the subject of a number of analyst reports. BTIG Research initiated coverage on shares of Kratos Defense & Security Solutions in a research report on Wednesday, June 26th. They set a "neutral" rating for the company. JMP Securities restated a "market outperform" rating and issued a $27.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Tuesday, October 1st. Robert W. Baird boosted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, September 23rd. Truist Financial restated a "buy" rating and issued a $27.00 price target (up from $25.00) on shares of Kratos Defense & Security Solutions in a research note on Thursday, September 26th. Finally, Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Insider Activity

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now directly owns 63,393 shares of the company's stock, valued at approximately $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of Kratos Defense & Security Solutions stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $20.07, for a total value of $27,194.85. Following the completion of the sale, the senior vice president now owns 63,393 shares in the company, valued at $1,272,297.51. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric M. Demarco acquired 12,396 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $20.19 per share, for a total transaction of $250,275.24. Following the completion of the acquisition, the chief executive officer now owns 1,058,264 shares in the company, valued at approximately $21,366,350.16. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 72,091 shares of company stock valued at $1,635,431 over the last 90 days. Insiders own 2.27% of the company's stock.

Kratos Defense & Security Solutions 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.