Stephens Investment Management Group LLC Cuts Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Stephens Investment Management Group LLC lowered its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 1.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,284,308 shares of the aerospace company's stock after selling 68,452 shares during the quarter. Kratos Defense & Security Solutions accounts for 1.4% of Stephens Investment Management Group LLC's holdings, making the stock its 15th largest holding. Stephens Investment Management Group LLC owned 2.84% of Kratos Defense & Security Solutions worth $99,824,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KTOS. Westwood Holdings Group Inc. purchased a new stake in Kratos Defense & Security Solutions in the 1st quarter valued at about $46,177,000. Vanguard Group Inc. boosted its position in shares of Kratos Defense & Security Solutions by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 13,972,406 shares of the aerospace company's stock worth $256,813,000 after purchasing an additional 1,807,580 shares during the period. Hood River Capital Management LLC increased its holdings in Kratos Defense & Security Solutions by 108.7% in the 1st quarter. Hood River Capital Management LLC now owns 2,556,787 shares of the aerospace company's stock valued at $46,994,000 after purchasing an additional 1,331,499 shares during the last quarter. Element Capital Management LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter valued at $11,198,000. Finally, Bamco Inc. NY raised its holdings in shares of Kratos Defense & Security Solutions by 13.2% in the 1st quarter. Bamco Inc. NY now owns 4,374,077 shares of the aerospace company's stock valued at $80,396,000 after buying an additional 511,538 shares during the period. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on KTOS. Robert W. Baird lifted their target price on Kratos Defense & Security Solutions from $22.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. B. Riley cut shares of Kratos Defense & Security Solutions from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $24.00 to $26.00 in a report on Wednesday. Truist Financial reiterated a "buy" rating and set a $27.00 target price (up from $25.00) on shares of Kratos Defense & Security Solutions in a report on Thursday, September 26th. JMP Securities restated a "market outperform" rating and issued a $27.00 price target on shares of Kratos Defense & Security Solutions in a research note on Tuesday, October 1st. Finally, Benchmark reiterated a "buy" rating and issued a $25.00 price objective on shares of Kratos Defense & Security Solutions in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kratos Defense & Security Solutions has an average rating of "Moderate Buy" and a consensus price target of $25.10.

Insider Transactions at Kratos Defense & Security Solutions

In related news, SVP Marie Mendoza sold 1,355 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 63,393 shares of the company's stock, valued at $1,272,297.51. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,355 shares of the business's stock in a transaction that occurred on 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 approximately $1,272,297.51. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $20.09, for a total transaction of $70,315.00. Following the sale, the insider now owns 276,091 shares of the company's stock, valued at approximately $5,546,668.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,091 shares of company stock worth $1,509,501. 2.27% of the stock is currently owned by insiders.

Kratos Defense & Security Solutions Stock Up 0.7 %

NASDAQ KTOS traded up $0.15 during trading on Friday, reaching $22.87. 696,870 shares of the company's stock were exchanged, compared to its average volume of 1,119,390. The company has a 50 day moving average price of $23.48 and a two-hundred day moving average price of $21.43. The stock has a market cap of $3.45 billion, a P/E ratio of 324.57 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. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.56 and a current ratio of 3.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its 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 firm had revenue of $300.10 million during the quarter, compared to analysts' expectations 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 was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

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.