22,256 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC acquired a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,256 shares of the aerospace company's stock, valued at approximately $661,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rovida Investment Management Ltd purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $46,789,000. Raymond James Financial Inc. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at about $28,944,000. Principal Financial Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 9,709.0% during the 1st quarter. Principal Financial Group Inc. now owns 997,578 shares of the aerospace company's stock valued at $29,618,000 after buying an additional 987,408 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Kratos Defense & Security Solutions by 140.5% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after purchasing an additional 934,455 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 435.3% in the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock valued at $24,893,000 after purchasing an additional 767,345 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco acquired 7,455 shares of the stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $33.59 per share, with a total value of $250,413.45. Following the completion of the purchase, the chief executive officer owned 1,396,237 shares in the company, valued at $46,899,600.83. This trade represents a 0.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven S. Fendley sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total transaction of $515,550.00. Following the completion of the transaction, the insider directly owned 384,492 shares of the company's stock, valued at approximately $13,214,990.04. The trade was a 3.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,572 shares of company stock valued at $5,586,226. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions Trading Up 1.9%

Shares of KTOS traded up $1.11 during trading on Friday, reaching $59.77. 2,454,880 shares of the company traded hands, compared to its average volume of 5,779,339. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $61.43. The stock has a market cap of $9.17 billion, a PE ratio of 459.80 and a beta of 1.06. The stock has a 50-day simple moving average of $44.20 and a 200-day simple moving average of $35.80. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same period last year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on KTOS. Benchmark boosted their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Truist Financial upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a report on Friday, June 27th. Stifel Nicolaus increased their price target on shares of Kratos Defense & Security Solutions from $54.00 to $70.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Monday, June 30th. Finally, Royal Bank Of Canada increased their target price on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.08.

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.