Ameriprise Financial Inc. Acquires 203,245 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Ameriprise Financial Inc. increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,130,109 shares of the aerospace company's stock after acquiring an additional 203,245 shares during the quarter. Ameriprise Financial Inc. owned about 2.07% of Kratos Defense & Security Solutions worth $82,576,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KTOS. Summit Investment Advisors Inc. increased its stake in shares of Kratos Defense & Security Solutions by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after purchasing an additional 490 shares in the last quarter. MRP Capital Investments LLC increased its stake in Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after buying an additional 500 shares in the last quarter. Arizona State Retirement System increased its stake in Kratos Defense & Security Solutions by 1.4% in the 4th quarter. Arizona State Retirement System now owns 43,807 shares of the aerospace company's stock worth $1,156,000 after buying an additional 586 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after acquiring an additional 610 shares during the period. Finally, ORG Partners LLC lifted its position in shares of Kratos Defense & Security Solutions by 1.9% in the fourth quarter. ORG Partners LLC now owns 32,975 shares of the aerospace company's stock valued at $870,000 after acquiring an additional 621 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Truist Financial lifted their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada lifted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Robert W. Baird lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Finally, B. Riley raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and increased their price objective for the company from $26.00 to $35.00 in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded down $0.61 during trading hours on Friday, reaching $33.61. The company's stock had a trading volume of 2,091,585 shares, compared to its average volume of 1,649,434. The firm has a 50 day moving average price of $31.77 and a 200-day moving average price of $29.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. The stock has a market cap of $5.16 billion, a P/E ratio of 336.13 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $36.85.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period in the prior year, the business posted $0.11 earnings per share. The company's quarterly revenue was up 9.2% compared to the same quarter last year. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, CFO Deanna H. Lund sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $33.91, for a total transaction of $203,460.00. Following the transaction, the chief financial officer now directly owns 325,427 shares of the company's stock, valued at approximately $11,035,229.57. This trade represents a 1.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $33.91, for a total value of $135,640.00. Following the completion of the sale, the insider now owns 53,812 shares of the company's stock, valued at $1,824,764.92. The trade was a 6.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,168 shares of company stock valued at $2,537,940. Company 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.