Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 49.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,053 shares of the aerospace company's stock after selling 66,884 shares during the period. Bleakley Financial Group LLC's holdings in Kratos Defense & Security Solutions were worth $1,991,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KTOS. CWM LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 22.0% during the 1st quarter. CWM LLC now owns 4,551 shares of the aerospace company's stock worth $135,000 after acquiring an additional 821 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $2,138,000. Stephens Inc. AR lifted its holdings in shares of Kratos Defense & Security Solutions by 8.5% during the 1st quarter. Stephens Inc. AR now owns 29,779 shares of the aerospace company's stock worth $884,000 after acquiring an additional 2,328 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Kratos Defense & Security Solutions by 17.1% during the 1st quarter. New York State Common Retirement Fund now owns 322,022 shares of the aerospace company's stock worth $9,561,000 after acquiring an additional 47,010 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth $661,000. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

KTOS stock traded up $0.88 during trading on Friday, hitting $59.79. 3,119,196 shares of the company's stock traded hands, compared to its average volume of 2,182,275. The business has a fifty day simple moving average of $41.28 and a 200 day simple moving average of $34.52. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 460.15 and a beta of 1.06. 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 52 week low of $17.91 and a 52 week high of $61.33.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The business's revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.11 EPS. As a group, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total transaction of $515,550.00. Following the transaction, the insider owned 384,492 shares of the company's stock, valued at approximately $13,214,990.04. This trade represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Deanna H. Lund sold 6,567 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $37.75, for a total transaction of $247,904.25. Following the transaction, the chief financial officer directly owned 318,766 shares in the company, valued at $12,033,416.50. This trade represents a 2.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,572 shares of company stock worth $5,586,226. 2.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Noble Financial reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research note on Monday. Truist Financial boosted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. 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 boosted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. boosted 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.25.

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.