Neo Ivy Capital Management Invests $317,000 in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Neo Ivy Capital Management purchased a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,027 shares of the aerospace company's stock, valued at approximately $317,000.

Several other large investors also recently modified their holdings of the business. Sunbelt Securities Inc. grew its position in Kratos Defense & Security Solutions by 42.1% in the 4th quarter. Sunbelt Securities Inc. now owns 5,302 shares of the aerospace company's stock worth $141,000 after purchasing an additional 1,570 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kratos Defense & Security Solutions by 30.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 352,349 shares of the aerospace company's stock worth $9,295,000 after purchasing an additional 81,298 shares in the last quarter. Washington Harbour Partners LP acquired a new stake in shares of Kratos Defense & Security Solutions during the fourth quarter worth $2,497,000. Vident Advisory LLC boosted its holdings in shares of Kratos Defense & Security Solutions by 40.9% in the fourth quarter. Vident Advisory LLC now owns 99,818 shares of the aerospace company's stock worth $2,633,000 after buying an additional 28,961 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in Kratos Defense & Security Solutions by 4.8% in the 4th quarter. Rafferty Asset Management LLC now owns 38,676 shares of the aerospace company's stock worth $1,020,000 after purchasing an additional 1,758 shares during the period. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, CEO Eric M. Demarco bought 9,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $26.35 per share, for a total transaction of $250,325.00. Following the purchase, the chief executive officer now owns 1,267,482 shares in the company, valued at approximately $33,398,150.70. This trade represents a 0.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Marie Mendoza sold 2,031 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now directly owns 69,288 shares in the company, valued at $2,172,871.68. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,617 shares of company stock valued at $4,917,521 over the last three months. 2.37% of the stock is owned by corporate insiders.

Kratos Defense & Security Solutions Trading Down 0.0%

KTOS traded down $0.02 during trading on Friday, hitting $36.42. The company's stock had a trading volume of 836,511 shares, compared to its average volume of 1,680,138. The company has a quick ratio of 2.61, a current ratio of 3.22 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average price is $33.26 and its 200-day moving average price is $30.35. The firm has a market capitalization of $5.59 billion, a P/E ratio of 363.89 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $39.16.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last announced its quarterly 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 business had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. JMP Securities reissued an "outperform" rating on shares of Kratos Defense & Security Solutions in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Truist Financial raised their price objective on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $36.75.

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.