Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Acquired by Lbp Am Sa

LBP AM SA increased its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 51.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,412 shares of the aerospace company's stock after purchasing an additional 94,866 shares during the quarter. LBP AM SA owned 0.18% of Kratos Defense & Security Solutions worth $8,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of KTOS. Rovida Investment Management Ltd acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $46,789,000. Raymond James Financial Inc. acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth about $28,944,000. Principal Financial Group Inc. lifted its holdings in Kratos Defense & Security Solutions by 9,709.0% in the first quarter. Principal Financial Group Inc. now owns 997,578 shares of the aerospace company's stock valued at $29,618,000 after acquiring an additional 987,408 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Kratos Defense & Security Solutions by 140.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock valued at $42,201,000 after acquiring an additional 934,455 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Kratos Defense & Security Solutions by 435.3% in the fourth quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock valued at $24,893,000 after acquiring an additional 767,345 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Kratos Defense & Security Solutions Price Performance

Shares of KTOS traded up $5.44 during trading hours on Friday, hitting $51.71. 9,407,189 shares of the stock were exchanged, compared to its average volume of 2,092,542. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84. The stock's 50-day moving average price is $39.81 and its two-hundred day moving average price is $33.86. The company has a market cap of $7.93 billion, a price-to-earnings ratio of 397.80 and a beta of 1.06. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $52.57.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same period in the prior year, the business posted $0.11 EPS. The company's revenue was up 9.2% compared to the same quarter last year. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on KTOS. JPMorgan Chase & Co. boosted their price target on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 30th. Royal Bank Of Canada boosted their price target on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Noble Financial boosted their price target 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. Truist Financial upped their target price on 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. Finally, Stifel Nicolaus set a $54.00 target price on Kratos Defense & Security Solutions and gave the stock a "buy" rating in a research note on Thursday, July 3rd. 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.25.

Insider Activity

In other news, CEO Eric M. Demarco bought 7,455 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $33.59 per share, with a total value of $250,413.45. Following the purchase, the chief executive officer owned 1,396,237 shares in the company, valued at approximately $46,899,600.83. The trade was a 0.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonah Adelman sold 40,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total value of $1,350,400.00. Following the completion of the sale, the insider directly owned 39,348 shares in the company, valued at $1,328,388.48. This represents a 50.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,572 shares of company stock worth $5,373,706 in the last quarter. Insiders own 2.37% of the company's stock.

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.