BNP Paribas Financial Markets Has $2.33 Million Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

BNP Paribas Financial Markets trimmed its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,404 shares of the aerospace company's stock after selling 14,356 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Kratos Defense & Security Solutions worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of KTOS. WealthPlan Investment Management LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth approximately $461,000. Cornell Pochily Investment Advisors Inc. acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $207,000. Stifel Financial Corp boosted its holdings 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 worth $7,808,000 after purchasing an additional 44,048 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock worth $801,000 after buying an additional 16,650 shares during the last quarter. Finally, BXM Wealth LLC bought a new position in Kratos Defense & Security Solutions during the fourth quarter valued at about $388,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Activity

In other news, CEO Eric M. Demarco purchased 9,500 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the completion of the purchase, the chief executive officer now directly owns 1,267,482 shares of the company's stock, valued at approximately $33,398,150.70. The trade was a 0.76% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $33.73, for a total value of $202,380.00. Following the completion of the sale, the insider now owns 282,084 shares of the company's stock, valued at $9,514,693.32. This represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,817 shares of company stock valued at $4,007,207. Insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS traded up $0.29 during mid-day trading on Thursday, hitting $34.62. The company's stock had a trading volume of 136,062 shares, compared to its average volume of 1,655,461. The stock's 50-day moving average is $32.69 and its two-hundred day moving average is $29.85. The firm has a market capitalization of $5.31 billion, a PE ratio of 345.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. 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 released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The firm had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same period in the prior year, the company earned $0.11 EPS. The business's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KTOS shares. Truist Financial upped their price target 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. JPMorgan Chase & Co. upped their target price on 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. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Benchmark upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

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.