Sumitomo Mitsui Trust Holdings Inc. Sells 421,098 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,109,206 shares of the aerospace company’s stock after selling 421,098 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 2.41% of Kratos Defense & Security Solutions worth $63,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KTOS. Loomis Sayles & Co. L P purchased a new position in shares of Kratos Defense & Security Solutions in the 3rd quarter valued at approximately $36,937,000. Norges Bank purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $12,760,000. State Street Corp raised its position in shares of Kratos Defense & Security Solutions by 25.6% in the 1st quarter. State Street Corp now owns 5,561,512 shares of the aerospace company’s stock valued at $113,900,000 after purchasing an additional 1,134,464 shares during the last quarter. FMR LLC raised its position in shares of Kratos Defense & Security Solutions by 56.4% in the 3rd quarter. FMR LLC now owns 3,026,556 shares of the aerospace company’s stock valued at $45,459,000 after purchasing an additional 1,091,380 shares during the last quarter. Finally, Cooper Creek Partners Management LLC raised its position in shares of Kratos Defense & Security Solutions by 74.2% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 2,413,270 shares of the aerospace company’s stock valued at $36,247,000 after purchasing an additional 1,027,715 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $18.05, for a total transaction of $27,075.00. Following the sale, the senior vice president now owns 90,713 shares of the company’s stock, valued at approximately $1,637,369.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Marie Mendoza sold 1,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, March 4th. The shares were sold at an average price of $18.05, for a total value of $27,075.00. Following the sale, the senior vice president now owns 90,713 shares of the company’s stock, valued at approximately $1,637,369.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Phillip D. Carrai sold 3,500 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, April 15th. The shares were sold at an average price of $18.19, for a total transaction of $63,665.00. Following the completion of the sale, the insider now directly owns 290,118 shares in the company, valued at approximately $5,277,246.42. The disclosure for this sale can be found here. Insiders have sold 41,538 shares of company stock valued at $763,479 in the last 90 days. 2.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of Kratos Defense & Security Solutions from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, April 10th. The Goldman Sachs Group increased 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 report on Tuesday, February 20th. Benchmark increased 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 report on Tuesday, February 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Kratos Defense & Security Solutions in a report on Wednesday, February 14th. Finally, Truist Financial increased 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 report on Wednesday, January 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.14.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS opened at $17.61 on Friday. Kratos Defense & Security Solutions, Inc. has a 12 month low of $12.12 and a 12 month high of $21.60. The firm’s 50 day simple moving average is $18.31 and its 200-day simple moving average is $18.33. The company has a quick ratio of 1.50, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last issued its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $273.80 million for the quarter, compared to analysts’ expectations 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 business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.03 EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.27 EPS for the current year.

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.