D.A. Davidson & CO. Purchases Shares of 43,789 Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

D.A. Davidson & CO. acquired a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,789 shares of the aerospace company's stock, valued at approximately $1,300,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KTOS. Aspect Partners LLC increased its stake in Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after acquiring an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in Kratos Defense & Security Solutions during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 buying an additional 700 shares during the period. Jones Financial Companies Lllp grew its stake in Kratos Defense & Security Solutions by 90.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after buying an additional 610 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Noble Financial raised their price objective on 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. Royal Bank Of Canada raised their price target on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Cantor Fitzgerald started coverage on shares of Kratos Defense & Security Solutions in a research note on Tuesday. They set an "overweight" rating and a $60.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.25.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $5.44 during mid-day trading on Friday, reaching $51.71. The company's stock had a trading volume of 9,407,189 shares, compared to its average volume of 2,092,542. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 397.80 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $52.57. The business has a 50 day moving average price of $39.81 and a 200-day moving average price of $33.81. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted 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 company 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%. The business's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 earnings per share. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $41.87, for a total value of $101,283.53. Following the completion of the transaction, the senior vice president owned 67,488 shares in the company, valued at approximately $2,825,722.56. This represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stacey G. Rock sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total transaction of $181,720.00. Following the completion of the sale, the insider owned 46,243 shares in the company, valued at $2,100,819.49. The trade was a 7.96% 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 90 days. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions 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.