Cambridge Investment Research Advisors Inc. Raises Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 143.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,485 shares of the aerospace company's stock after purchasing an additional 13,252 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Kratos Defense & Security Solutions were worth $668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after buying an additional 701,216 shares during the period. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after acquiring an additional 307,907 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after acquiring an additional 203,245 shares during the period. Franklin Resources Inc. raised its position in Kratos Defense & Security Solutions by 11.3% in the 4th quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock valued at $82,204,000 after purchasing an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake 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 purchasing an additional 172,030 shares during the period. 75.92% of the stock is owned by hedge funds and other institutional investors.

Kratos Defense & Security Solutions Trading Up 0.3%

NASDAQ:KTOS opened at $44.78 on Tuesday. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $47.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock has a fifty day moving average price of $38.83 and a two-hundred day moving average price of $33.29. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 344.49 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $292.25 million. During the same period in the prior year, the company posted $0.11 EPS. The business's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KTOS. 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 on the stock in a research note on Monday, June 30th. Truist Financial boosted their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Noble Financial increased their price objective on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Royal Bank Of Canada lifted their target price on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Finally, Stifel Nicolaus set a $54.00 target price on Kratos Defense & Security Solutions and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $44.82.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the sale, the insider directly owned 39,348 shares in the company, valued at approximately $1,328,388.48. The trade was a 50.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Deanna H. Lund sold 6,567 shares of Kratos Defense & Security Solutions stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $247,904.25. Following the transaction, the chief financial officer directly owned 318,766 shares of the company's stock, valued at $12,033,416.50. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,572 shares of company stock worth $5,373,706 over the last ninety days. 2.37% of the stock is currently owned by corporate insiders.

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.

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