New York State Common Retirement Fund Buys 47,010 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

New York State Common Retirement Fund lifted its stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,022 shares of the aerospace company's stock after acquiring an additional 47,010 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Kratos Defense & Security Solutions worth $9,561,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KTOS. Wealth Enhancement Advisory Services LLC bought a new stake in Kratos Defense & Security Solutions during the first quarter valued at $594,000. Stifel Financial Corp boosted its stake in Kratos Defense & Security Solutions by 17.5% during the fourth quarter. Stifel Financial Corp now owns 295,980 shares of the aerospace company's stock valued at $7,808,000 after buying an additional 44,048 shares during the period. New York State Teachers Retirement System purchased a new stake in Kratos Defense & Security Solutions during the first quarter valued at about $1,407,000. Oregon Public Employees Retirement Fund purchased a new stake in Kratos Defense & Security Solutions during the first quarter valued at about $1,039,000. Finally, Bank of New York Mellon Corp raised its position in Kratos Defense & Security Solutions by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 1,221,860 shares of the aerospace company's stock valued at $36,277,000 after purchasing an additional 24,455 shares in the last quarter. 75.92% of the stock is owned by institutional investors.

Kratos Defense & Security Solutions Stock Up 0.4%

Shares of KTOS traded up $0.21 during mid-day trading on Friday, reaching $59.12. The company had a trading volume of 8,050,955 shares, compared to its average volume of 2,213,504. 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 firm has a 50-day moving average price of $41.79 and a 200 day moving average price of $34.81. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $61.35. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 454.80 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS 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 firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same period in the previous year, the firm posted $0.11 EPS. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KTOS shares. Stifel Nicolaus set a $54.00 price target on Kratos Defense & Security Solutions and gave the company a "buy" rating in a research report on Thursday, July 3rd. Benchmark raised their price target on Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Truist Financial raised their price target on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Royal Bank Of Canada raised their price target on Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, Noble Financial reiterated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.25.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other news, insider Phillip D. Carrai sold 6,000 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $51.42, for a total value of $308,520.00. Following the completion of the sale, the insider directly owned 270,104 shares in the company, valued at $13,888,747.68. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Deanna H. Lund sold 6,567 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $37.75, for a total value of $247,904.25. Following the completion of the sale, the chief financial officer owned 318,766 shares of the company's stock, valued at $12,033,416.50. This trade represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,572 shares of company stock worth $5,586,226. 2.37% of the stock is owned by corporate insiders.

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.