Bank of New York Mellon Corp Buys 24,455 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Bank of New York Mellon Corp lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,221,860 shares of the aerospace company's stock after purchasing an additional 24,455 shares during the quarter. Bank of New York Mellon Corp owned about 0.80% of Kratos Defense & Security Solutions worth $36,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Aspect Partners LLC boosted its position in shares of Kratos Defense & Security Solutions by 1,900.0% in the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Kratos Defense & Security Solutions by 202.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after purchasing an additional 700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Kratos Defense & Security Solutions by 90.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares in the last quarter. Finally, MRP Capital Investments LLC boosted its position in shares of Kratos Defense & Security Solutions by 28.6% in the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven S. Fendley sold 15,000 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total value of $515,550.00. Following the completion of the transaction, the insider owned 384,492 shares of the company's stock, valued at approximately $13,214,990.04. This represents a 3.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $33.73, for a total transaction of $202,380.00. Following the completion of the transaction, the insider directly owned 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. Insiders have sold a total of 143,572 shares of company stock worth $5,175,766 in the last three months. Corporate insiders own 2.37% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in 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 report on Tuesday, July 8th. The Goldman Sachs Group upgraded 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 report on Monday, June 30th. JPMorgan Chase & Co. boosted 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 report on Monday, June 30th. Truist Financial boosted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Cantor Fitzgerald started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday, July 8th. They set an "overweight" rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given 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 target price of $46.25.

Kratos Defense & Security Solutions Trading Up 0.5%

NASDAQ:KTOS opened at $51.99 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 399.95 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $52.70. The business has a fifty day moving average price of $39.81 and a 200-day moving average price of $33.86.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. Kratos Defense & Security Solutions's revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current 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.

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