Louisiana State Employees Retirement System Takes Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Louisiana State Employees Retirement System acquired a new position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 72,000 shares of the aerospace company's stock, valued at approximately $2,138,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aspect Partners LLC increased its position in Kratos Defense & Security Solutions by 1,900.0% during the first quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after buying an additional 950 shares during the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Kratos Defense & Security Solutions during the 1st quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB boosted its position in Kratos Defense & Security Solutions by 202.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock valued at $31,000 after buying an additional 700 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Kratos Defense & Security Solutions by 90.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock valued at $34,000 after buying an additional 610 shares in the last quarter. Finally, MRP Capital Investments LLC lifted its holdings in shares of Kratos Defense & Security Solutions by 28.6% during the fourth quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after purchasing an additional 500 shares during the period. 75.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KTOS has been the subject of several recent research reports. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 target price on the stock in a report on Monday, June 30th. Royal Bank Of Canada upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the stock an "outperform" rating in a report on Thursday, July 3rd. Truist Financial increased 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 report on Friday, June 27th. Finally, Stifel Nicolaus set a $54.00 target price on shares of Kratos Defense & Security Solutions and gave the company a "buy" rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Kratos Defense & Security Solutions currently has an average rating of "Moderate Buy" and an average price target of $46.25.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Jonah Adelman sold 40,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $33.76, for a total transaction of $1,350,400.00. Following the sale, the insider directly owned 39,348 shares of the company's stock, valued at $1,328,388.48. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $33.73, for a total transaction of $202,380.00. Following the completion of the transaction, the insider owned 282,084 shares in the company, valued at $9,514,693.32. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,572 shares of company stock valued at $5,175,766. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Stock Performance

Shares of NASDAQ KTOS traded down $0.87 during midday trading on Tuesday, reaching $51.12. 4,047,767 shares of the stock were exchanged, compared to its average volume of 2,118,770. The firm has a 50-day simple moving average of $39.81 and a two-hundred day simple moving average of $33.86. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $52.70. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 393.26 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.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The company 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%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Kratos Defense & Security Solutions 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.