Kratos Defense & Security Solutions, Inc. $KTOS Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,046 shares of the aerospace company’s stock after selling 17,524 shares during the period. Rice Hall James & Associates LLC’s holdings in Kratos Defense & Security Solutions were worth $2,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Kratos Defense & Security Solutions by 245.2% during the 4th quarter. BNP Paribas Financial Markets now owns 601,674 shares of the aerospace company’s stock worth $45,673,000 after buying an additional 427,396 shares during the last quarter. M&T Bank Corp increased its holdings in Kratos Defense & Security Solutions by 6,900.4% in the 4th quarter. M&T Bank Corp now owns 176,831 shares of the aerospace company’s stock valued at $13,423,000 after purchasing an additional 174,305 shares in the last quarter. New Age Alpha Advisors LLC increased its holdings in Kratos Defense & Security Solutions by 435.1% in the 4th quarter. New Age Alpha Advisors LLC now owns 43,011 shares of the aerospace company’s stock valued at $3,265,000 after purchasing an additional 34,973 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Kratos Defense & Security Solutions in the 3rd quarter valued at $21,013,000. Finally, JPMorgan Chase & Co. increased its holdings in Kratos Defense & Security Solutions by 93.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 964,973 shares of the aerospace company’s stock valued at $88,170,000 after purchasing an additional 465,100 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Down 1.2%

Shares of Kratos Defense & Security Solutions stock opened at $56.34 on Wednesday. The business has a 50-day moving average of $61.94 and a 200-day moving average of $79.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.63 and a quick ratio of 5.08. The company has a market capitalization of $10.56 billion, a PE ratio of 331.41 and a beta of 1.04. Kratos Defense & Security Solutions, Inc. has a 1-year low of $39.00 and a 1-year high of $134.00.

Kratos Defense & Security Solutions (NASDAQ:KTOS) last announced its earnings results on Wednesday, May 6th. The aerospace company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $371.00 million during the quarter, compared to the consensus estimate of $345.00 million. Kratos Defense & Security Solutions had a return on equity of 2.82% and a net margin of 2.08%.The company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, Director Scot B. Jarvis sold 5,417 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $75.90, for a total transaction of $411,150.30. Following the transaction, the director owned 75,123 shares of the company’s stock, valued at approximately $5,701,835.70. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonah Adelman sold 31,348 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $57.06, for a total transaction of $1,788,716.88. Following the completion of the transaction, the insider directly owned 8,000 shares in the company, valued at $456,480. This represents a 79.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 188,278 shares of company stock valued at $11,966,663. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

KTOS has been the subject of several recent research reports. Citizens Jmp lowered their price target on Kratos Defense & Security Solutions from $125.00 to $105.00 and set a “market outperform” rating for the company in a report on Friday, May 8th. Piper Sandler lowered their price target on Kratos Defense & Security Solutions from $99.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, May 7th. Jefferies Financial Group set a $80.00 price target on Kratos Defense & Security Solutions in a report on Sunday, May 10th. JPMorgan Chase & Co. upgraded Kratos Defense & Security Solutions from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $99.00 to $82.00 in a report on Friday, June 12th. Finally, Truist Financial upgraded Kratos Defense & Security Solutions to a “strong-buy” rating in a report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.35.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc (NASDAQ: KTOS) is a technology-driven company that specializes in national security and defense solutions for government and military customers. The firm’s core capabilities span unmanned systems, satellite communications, missile defense, cyber security, and directed-energy weapons. Through its integrated approach, Kratos delivers mission-critical products and services designed to enhance operational readiness and support force modernization initiatives.

In the unmanned systems arena, Kratos develops high-performance aerial platforms used as target drones, low-cost attritable aircraft and experimental stealth demonstrators.