Mutual of America Capital Management LLC Purchases New Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Mutual of America Capital Management LLC purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,256 shares of the aerospace company's stock, valued at approximately $661,000.

Other hedge funds also recently bought and sold shares of the company. Montag A & Associates Inc. increased its position in shares of Kratos Defense & Security Solutions by 3.8% in the first quarter. Montag A & Associates Inc. now owns 12,449 shares of the aerospace company's stock valued at $370,000 after buying an additional 450 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in Kratos Defense & Security Solutions by 5.6% in the 1st quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company's stock worth $266,000 after acquiring an additional 475 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Kratos Defense & Security Solutions by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 15,479 shares of the aerospace company's stock worth $408,000 after acquiring an additional 490 shares during the period. Moran Wealth Management LLC lifted its holdings in Kratos Defense & Security Solutions by 3.0% during the first quarter. Moran Wealth Management LLC now owns 17,441 shares of the aerospace company's stock valued at $518,000 after purchasing an additional 506 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Kratos Defense & Security Solutions by 9.5% in the first quarter. KBC Group NV now owns 6,993 shares of the aerospace company's stock valued at $208,000 after purchasing an additional 607 shares during the period. Hedge funds and other institutional investors own 75.92% of the company's stock.

Insider Transactions at Kratos Defense & Security Solutions

In other news, SVP Marie Mendoza sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $50.97, for a total value of $101,940.00. Following the transaction, the senior vice president directly owned 65,535 shares in the company, valued at approximately $3,340,318.95. This represents a 2.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $55.51, for a total transaction of $222,040.00. Following the transaction, the insider directly owned 42,154 shares of the company's stock, valued at $2,339,968.54. The trade was a 8.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,572 shares of company stock worth $4,294,256 in the last 90 days. Insiders own 2.37% of the company's stock.

Wall Street Analyst Weigh In

KTOS has been the topic of a number of research reports. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Kratos Defense & Security Solutions in a research note on Friday. The Goldman Sachs Group raised 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 note on Monday, June 30th. Royal Bank Of Canada boosted their price target on Kratos Defense & Security Solutions from $50.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday. Cantor Fitzgerald restated an "overweight" rating on shares of Kratos Defense & Security Solutions in a report on Friday, July 18th. Finally, Truist Financial upped their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $55.92.

Kratos Defense & Security Solutions Stock Up 2.4%

KTOS stock opened at $65.41 on Tuesday. Kratos Defense & Security Solutions, Inc. has a one year low of $19.36 and a one year high of $68.68. The firm has a market cap of $10.04 billion, a PE ratio of 654.17 and a beta of 1.04. The firm's 50 day moving average price is $49.34 and its 200-day moving average price is $37.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.88 and a current ratio of 4.43.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Kratos Defense & Security Solutions had a return on equity of 3.10% and a net margin of 1.20%. The company had revenue of $351.50 million during the quarter, compared to analysts' expectations of $305.67 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm's quarterly revenue was up 17.1% compared to the same quarter last year. On average, equities research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

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.

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