Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,545 shares of the aerospace company's stock after selling 5,815 shares during the quarter. Kratos Defense & Security Solutions makes up about 1.9% of Lisanti Capital Growth LLC's portfolio, making the stock its 6th biggest position. Lisanti Capital Growth LLC owned approximately 0.14% of Kratos Defense & Security Solutions worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Kratos Defense & Security Solutions by 5.0% during the 4th 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 boosted its holdings in Kratos Defense & Security Solutions by 7.6% in 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 last quarter. Ameriprise Financial Inc. grew its position in Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock worth $82,576,000 after purchasing an additional 203,245 shares during the period. Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 317,305 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in Kratos Defense & Security Solutions by 9.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock valued at $54,845,000 after acquiring an additional 172,030 shares during the period. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Trading Up 1.3%

Shares of KTOS stock traded up $0.61 during trading hours on Monday, hitting $46.45. The company had a trading volume of 7,707,803 shares, compared to its average volume of 1,965,617. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The stock has a market capitalization of $7.13 billion, a PE ratio of 357.34 and a beta of 0.99. The company's fifty day moving average is $37.73 and its 200 day moving average is $32.67. Kratos Defense & Security Solutions, Inc. has a fifty-two week low of $17.91 and a fifty-two week high of $47.55.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.85% and a net margin of 1.68%. Kratos Defense & Security Solutions's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Kratos Defense & Security Solutions

In related news, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $42.16, for a total value of $252,960.00. Following the completion of the transaction, the insider directly owned 276,085 shares of the company's stock, valued at $11,639,743.60. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $37.74, for a total transaction of $150,960.00. Following the sale, the insider owned 49,811 shares of the company's stock, valued at $1,879,867.14. This represents a 7.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,572 shares of company stock worth $5,045,246 over the last three months. Company insiders own 2.37% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on KTOS. JPMorgan Chase & Co. increased 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 report on Monday. Stifel Nicolaus started coverage on Kratos Defense & Security Solutions in a report on Tuesday, June 24th. They set a "buy" rating and a $52.00 target price on the stock. Benchmark upped their price target on Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen lowered Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Noble Financial upped their target price on Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average price target of $43.55.

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.