Lumbard & Kellner LLC Boosts Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Lumbard & Kellner LLC lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,756 shares of the aerospace company's stock after purchasing an additional 5,987 shares during the quarter. Kratos Defense & Security Solutions comprises about 1.4% of Lumbard & Kellner LLC's portfolio, making the stock its 28th biggest position. Lumbard & Kellner LLC owned approximately 0.07% of Kratos Defense & Security Solutions worth $3,170,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its stake in Kratos Defense & Security Solutions by 202.3% in 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 last quarter. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $55,000. Finally, MRP Capital Investments LLC lifted its position in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Activity 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 that occurred on Monday, June 16th. The stock was sold at an average price of $41.87, for a total transaction of $101,283.53. Following the completion of the sale, the senior vice president now directly owns 67,488 shares in the company, valued at approximately $2,825,722.56. The trade was a 3.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven S. Fendley sold 7,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $29.45, for a total value of $206,150.00. Following the sale, the insider now owns 404,133 shares of the company's stock, valued at approximately $11,901,716.85. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 151,572 shares of company stock worth $5,251,396 in the last 90 days. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of Kratos Defense & Security Solutions stock traded up $0.95 on Friday, hitting $43.11. The company's stock had a trading volume of 4,782,368 shares, compared to its average volume of 1,804,120. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. Kratos Defense & Security Solutions, Inc. has a 1 year low of $17.91 and a 1 year high of $44.13. The firm has a fifty day moving average price of $36.47 and a 200-day moving average price of $31.93. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 331.64 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. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the previous year, the business earned $0.11 EPS. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. 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 Analyst Weigh In

KTOS has been the subject of a number of research reports. Benchmark lifted their price target on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. 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. Truist Financial lifted their price target on 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. JPMorgan Chase & Co. lifted their price target on Kratos Defense & Security Solutions from $33.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday. Finally, Noble Financial boosted their price objective on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.78.

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.