Catalyst Capital Advisors LLC Sells 35,840 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Catalyst Capital Advisors LLC lowered its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 52.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 33,000 shares of the aerospace company's stock after selling 35,840 shares during the period. Catalyst Capital Advisors LLC's holdings in Kratos Defense & Security Solutions were worth $980,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KTOS. Vanguard Group Inc. increased its stake in Kratos Defense & Security Solutions by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after acquiring an additional 701,216 shares during the period. FMR LLC increased its position in shares of Kratos Defense & Security Solutions by 7.6% during the fourth quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock valued at $114,510,000 after purchasing an additional 307,907 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Kratos Defense & Security Solutions by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after buying an additional 203,245 shares in the last quarter. Franklin Resources Inc. raised its position in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after purchasing an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Kratos Defense & Security Solutions by 9.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock worth $54,845,000 after purchasing an additional 172,030 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Trading Up 3.1%

NASDAQ KTOS traded up $1.33 during trading hours on Friday, hitting $44.61. The company's stock had a trading volume of 2,147,465 shares, compared to its average volume of 2,008,004. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $47.09. The firm has a market capitalization of $6.84 billion, a P/E ratio of 343.14 and a beta of 1.06. 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 stock has a fifty day moving average of $38.60 and a 200 day moving average of $33.05.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KTOS. Royal Bank Of Canada lifted their price objective on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday. Noble Financial lifted their price target on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday. Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, The Goldman Sachs Group upgraded Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price target on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.82.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CFO Deanna H. Lund sold 6,567 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $247,904.25. Following the completion of the sale, the chief financial officer directly owned 318,766 shares in the company, valued at $12,033,416.50. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric M. Demarco acquired 7,455 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $33.59 per share, for a total transaction of $250,413.45. Following the acquisition, the chief executive officer directly owned 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. Insiders have sold 149,572 shares of company stock worth $5,373,706 over the last ninety days. 2.37% of the stock is owned by corporate insiders.

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.