Xponance Inc. Buys 748 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Xponance Inc. raised its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOSFree Report) by 7.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,269 shares of the aerospace company’s stock after purchasing an additional 748 shares during the quarter. Xponance Inc.’s holdings in Kratos Defense & Security Solutions were worth $335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $594,000. Stifel Financial Corp lifted its position in Kratos Defense & Security Solutions by 17.5% in the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company’s stock valued at $7,808,000 after purchasing an additional 44,048 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $1,407,000. Oregon Public Employees Retirement Fund bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at approximately $1,039,000. Finally, Bank of New York Mellon Corp lifted its position in Kratos Defense & Security Solutions by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company’s stock valued at $36,277,000 after purchasing an additional 24,455 shares during the last quarter. Institutional investors own 75.92% of the company’s stock.

Insider Buying and Selling

In related news, insider Stacey G. Rock sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $45.43, for a total value of $181,720.00. Following the sale, the insider directly owned 46,243 shares of the company’s stock, valued at $2,100,819.49. This represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Deanna H. Lund sold 6,567 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $247,904.25. Following the completion of the sale, the chief financial officer directly owned 318,766 shares in the company, valued at approximately $12,033,416.50. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,572 shares of company stock valued at $5,586,226 over the last 90 days. 2.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KTOS. Noble Financial reiterated an “outperform” rating on shares of Kratos Defense & Security Solutions in a research report on Monday. JPMorgan Chase & Co. upped their target price on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, June 30th. Wall Street Zen downgraded Kratos Defense & Security Solutions from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Stifel Nicolaus set a $54.00 target price on Kratos Defense & Security Solutions and gave the company a “buy” rating in a report on Thursday, July 3rd. Finally, Truist Financial upped their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a “buy” rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.25.

View Our Latest Research Report on Kratos Defense & Security Solutions

Kratos Defense & Security Solutions Price Performance

Shares of KTOS stock opened at $59.12 on Friday. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 454.80 and a beta of 1.06. The business’s fifty day moving average is $41.79 and its 200 day moving average is $34.75. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $61.35. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOSGet Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $302.60 million for the quarter, compared to analysts’ expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kratos Defense & Security Solutions (NASDAQ:KTOS)

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