Brevan Howard Capital Management LP Makes New Investment in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Brevan Howard Capital Management LP purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,223 shares of the aerospace company's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after acquiring an additional 701,216 shares in the last quarter. FMR LLC raised its position in Kratos Defense & Security Solutions by 7.6% in the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after acquiring an additional 307,907 shares in the last quarter. Ameriprise Financial Inc. raised its position in Kratos Defense & Security Solutions by 6.9% in the fourth quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after acquiring an additional 203,245 shares in the last quarter. Franklin Resources Inc. raised its position in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after acquiring an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Kratos Defense & Security Solutions by 9.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock worth $54,845,000 after buying an additional 172,030 shares during the period. 75.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KTOS shares. StockNews.com downgraded Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Saturday. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Robert W. Baird boosted their price objective on Kratos Defense & Security Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, January 14th. Benchmark boosted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Truist Financial boosted their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Insider Activity at Kratos Defense & Security Solutions

In related news, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $29.28, for a total value of $175,680.00. Following the completion of the sale, the chief financial officer now owns 331,271 shares of the company's stock, valued at approximately $9,699,614.88. The trade was a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas E. Iv Mills sold 8,637 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.14, for a total value of $234,408.18. Following the completion of the sale, the insider now directly owns 12,215 shares of the company's stock, valued at approximately $331,515.10. The trade was a 41.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,168 shares of company stock valued at $2,537,940. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Stock Down 0.7%

NASDAQ:KTOS traded down $0.25 on Wednesday, hitting $33.53. 1,488,393 shares of the company's stock traded hands, compared to its average volume of 1,657,069. 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 firm has a 50-day moving average price of $32.03 and a 200-day moving average price of $29.43. The company has a market cap of $5.14 billion, a PE ratio of 335.33 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating 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 3.68% and a net margin of 1.31%. The business's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Equities analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

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.