Harbor Capital Advisors Inc. Buys New Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Harbor Capital Advisors Inc. bought a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,054 shares of the aerospace company's stock, valued at approximately $1,367,000.

Several other institutional investors also recently bought and sold shares of the stock. Toth Financial Advisory Corp grew its stake in shares of Kratos Defense & Security Solutions by 17.9% in the 1st quarter. Toth Financial Advisory Corp now owns 35,720 shares of the aerospace company's stock worth $1,061,000 after buying an additional 5,420 shares in the last quarter. MRA Advisory Group grew its stake in shares of Kratos Defense & Security Solutions by 44.8% in the 1st quarter. MRA Advisory Group now owns 24,586 shares of the aerospace company's stock worth $730,000 after buying an additional 7,607 shares in the last quarter. Veracity Capital LLC purchased a new position in shares of Kratos Defense & Security Solutions in the 1st quarter worth $471,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Kratos Defense & Security Solutions by 13.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 37,208 shares of the aerospace company's stock worth $1,105,000 after buying an additional 4,466 shares in the last quarter. Finally, Profit Investment Management LLC grew its stake in shares of Kratos Defense & Security Solutions by 6.4% in the 1st quarter. Profit Investment Management LLC now owns 116,822 shares of the aerospace company's stock worth $3,468,000 after buying an additional 7,071 shares in the last quarter. 75.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KTOS has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Truist Financial lifted their price target on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Thursday, April 17th. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Benchmark lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Kratos Defense & Security Solutions Trading Up 1.3%

KTOS traded up $0.52 on Friday, reaching $41.76. 2,783,053 shares of the company traded hands, compared to its average volume of 1,768,829. Kratos Defense & Security Solutions, Inc. has a one year low of $17.91 and a one year high of $42.73. The firm has a fifty day simple moving average of $35.38 and a two-hundred day simple moving average of $31.43. The company has a market cap of $6.41 billion, a P/E ratio of 417.64 and a beta of 0.99. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data 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 1.31% and a return on equity of 3.68%. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the business posted $0.11 EPS. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Thomas E. Iv Mills sold 5,786 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total transaction of $191,574.46. Following the completion of the transaction, the insider now owns 15,332 shares in the company, valued at $507,642.52. The trade was a 27.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Marie Mendoza sold 2,031 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the transaction, the senior vice president now owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,184 shares of company stock worth $5,149,125. 2.37% of the stock is currently owned by corporate insiders.

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.