Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Profit Investment Management LLC

Profit Investment Management LLC boosted its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,822 shares of the aerospace company's stock after acquiring an additional 7,071 shares during the quarter. Kratos Defense & Security Solutions accounts for 3.2% of Profit Investment Management LLC's holdings, making the stock its largest holding. Profit Investment Management LLC owned 0.08% of Kratos Defense & Security Solutions worth $3,468,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its stake in 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 valued at $31,000 after purchasing an additional 700 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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 valued at $34,000 after buying an additional 610 shares in the last quarter. Hemington Wealth Management increased its holdings in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the period. Capital Advisors Ltd. LLC purchased a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. bought a new stake in Kratos Defense & Security Solutions during the fourth quarter valued at approximately $55,000. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Stock Performance

KTOS stock traded up $1.05 during midday trading on Tuesday, hitting $39.09. 2,714,224 shares of the stock traded hands, compared to its average volume of 1,700,827. The stock's fifty day simple moving average is $33.62 and its 200-day simple moving average is $30.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $39.91. The firm has a market cap of $6.00 billion, a P/E ratio of 390.94 and a beta of 1.03.

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 the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.11 earnings per share. On average, analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank of Canada lifted their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. JMP Securities reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Tuesday, February 4th. Truist Financial increased 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 report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

Insider Activity

In other news, Director Bobbi Doorenbos sold 5,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the sale, the director now owns 5,000 shares in the company, valued at $175,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric M. Demarco acquired 7,455 shares of the stock in a transaction on Monday, May 12th. The shares were acquired at an average price of $33.59 per share, with a total value of $250,413.45. Following the purchase, the chief executive officer now owns 1,396,237 shares in the company, valued at $46,899,600.83. This represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 156,617 shares of company stock worth $5,125,861. 2.37% of the stock is currently owned by company 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.