Janney Montgomery Scott LLC Has $954,000 Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Janney Montgomery Scott LLC decreased its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 73.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,122 shares of the aerospace company's stock after selling 88,670 shares during the period. Janney Montgomery Scott LLC's holdings in Kratos Defense & Security Solutions were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KTOS. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after acquiring an additional 700 shares during the period. Jones Financial Companies Lllp increased 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 worth $34,000 after purchasing an additional 610 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at approximately $55,000. MRP Capital Investments LLC raised 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 valued at $59,000 after purchasing an additional 500 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Kratos Defense & Security Solutions by 653.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock worth $70,000 after buying an additional 2,307 shares in the last quarter. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Transactions at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, SVP Marie Mendoza sold 2,419 shares of the business's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $41.87, for a total value of $101,283.53. Following the sale, the senior vice president now owns 67,488 shares in the company, valued at $2,825,722.56. The trade was a 3.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas E. Iv Mills sold 5,786 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.11, for a total transaction of $191,574.46. Following the completion of the sale, the insider now directly owns 15,332 shares in the company, valued at $507,642.52. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,572 shares of company stock valued at $5,045,246 over the last three months. Corporate insiders own 2.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Benchmark upped their price target on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Noble Financial boosted their target price 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. Finally, Truist Financial increased their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.30.

Kratos Defense & Security Solutions Stock Performance

Shares of KTOS opened at $45.84 on Monday. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17. The business's 50 day moving average price is $37.44 and its 200-day moving average price is $32.54. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $46.97. The stock has a market cap of $7.03 billion, a P/E ratio of 352.64 and a beta of 0.99.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share 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 the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. Equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal 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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