Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC cut its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 61.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,685 shares of the aerospace company’s stock after selling 4,194 shares during the period. Tower Research Capital LLC TRC’s holdings in Kratos Defense & Security Solutions were worth $71,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 610 shares during the period. Hemington Wealth Management raised its stake in shares of Kratos Defense & Security Solutions by 86.6% in the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company’s stock worth $35,000 after buying an additional 631 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at about $53,000. SBI Securities Co. Ltd. acquired a new position in Kratos Defense & Security Solutions during the fourth quarter worth about $55,000. Finally, MRP Capital Investments LLC raised its position in Kratos Defense & Security Solutions by 28.6% in the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company’s stock.

Analyst Ratings Changes

KTOS has been the topic of several recent research reports. StockNews.com cut shares of Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. upped their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Truist Financial raised their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, April 17th. JMP Securities reaffirmed an “outperform” rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, B. Riley raised Kratos Defense & Security Solutions from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $26.00 to $35.00 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Kratos Defense & Security Solutions Stock Down 1.8 %

Shares of Kratos Defense & Security Solutions stock opened at $33.61 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $36.85. The stock has a 50-day moving average price of $31.77 and a 200 day moving average price of $29.29. The company has a market cap of $5.15 billion, a P/E ratio of 336.13 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. Kratos Defense & Security Solutions’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $27.12, for a total transaction of $40,680.00. Following the completion of the sale, the senior vice president now directly owns 60,443 shares in the company, valued at $1,639,214.16. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $24.59, for a total value of $172,130.00. Following the completion of the transaction, the insider now owns 370,660 shares in the company, valued at $9,114,529.40. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,168 shares of company stock worth $2,537,940 over the last 90 days. Insiders own 2.37% of the company’s stock.

Kratos Defense & Security Solutions Company Profile

Kratos Defense & Security Solutions, Inc engages in the provision of mission critical products, services and solutions for United States national security priorities. It operates through the Kratos Government Solutions (KGS) and Unmanned Systems (US) segments. The KGS segment consists of an aggregation of KGS operating segments, including microwave electronic products, space, satellite and cyber, training solutions.