Veracity Capital LLC Invests $471,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Veracity Capital LLC acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,877 shares of the aerospace company's stock, valued at approximately $471,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC increased its stake in shares of Kratos Defense & Security Solutions by 239.5% during the third quarter. Barclays PLC now owns 273,100 shares of the aerospace company's stock valued at $6,363,000 after buying an additional 192,667 shares during the period. SG Americas Securities LLC grew its position in Kratos Defense & Security Solutions by 40.1% in the fourth quarter. SG Americas Securities LLC now owns 11,172 shares of the aerospace company's stock worth $295,000 after acquiring an additional 3,195 shares during the period. KBC Group NV raised its position in Kratos Defense & Security Solutions by 25.5% in the 4th quarter. KBC Group NV now owns 6,386 shares of the aerospace company's stock valued at $168,000 after purchasing an additional 1,299 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $100,000. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of 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 acquiring an additional 16,650 shares during the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KTOS has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Truist Financial raised 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. Royal Bank of Canada boosted their price objective on 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 lifted their target price on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $0.26 during mid-day trading on Thursday, hitting $40.36. 3,437,408 shares of the company were exchanged, compared to its average volume of 1,714,991. The company has a current ratio of 3.22, a quick ratio of 2.61 and a debt-to-equity ratio of 0.13. The business has a 50 day simple moving average of $34.02 and a 200-day simple moving average of $30.80. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $40.88. The stock has a market capitalization of $6.19 billion, a PE ratio of 403.64 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 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. On average, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,000 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the transaction, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 2,031 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total value of $63,692.16. Following the completion of the transaction, the senior vice president now owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 151,184 shares of company stock worth $5,149,125. Insiders own 2.37% of the company's stock.

About Kratos Defense & Security Solutions

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.