Amalgamated Bank Purchases 38,299 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Amalgamated Bank grew its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 757.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,357 shares of the aerospace company's stock after purchasing an additional 38,299 shares during the quarter. Amalgamated Bank's holdings in Kratos Defense & Security Solutions were worth $1,287,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Aspect Partners LLC raised its position in shares of Kratos Defense & Security Solutions by 1,900.0% in the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 950 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 700 shares during the period. Jones Financial Companies Lllp raised its position in shares of Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after purchasing an additional 610 shares during the period. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions during the fourth quarter worth $55,000. Finally, MRP Capital Investments LLC increased its position in Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares during the period. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

NASDAQ KTOS opened at $44.78 on Tuesday. The stock has a market cap of $6.87 billion, a P/E ratio of 344.49 and a beta of 1.06. The company's 50-day simple moving average is $38.83 and its 200 day simple moving average is $33.29. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $47.09. 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 issued its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on KTOS shares. JPMorgan Chase & Co. raised their price target 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. 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. Noble Financial upped their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a research report on Monday, June 30th. Finally, Royal Bank Of Canada upped their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Kratos Defense & Security Solutions has a consensus rating of "Moderate Buy" and an average price target of $44.82.

Insider Activity at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 2,419 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the sale, the senior vice president directly owned 67,488 shares of the company's stock, valued at $2,825,722.56. This represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.16, for a total transaction of $252,960.00. Following the completion of the sale, the insider directly owned 276,085 shares of the company's stock, valued at approximately $11,639,743.60. This represents a 2.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,572 shares of company stock valued at $5,373,706. 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.

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