New York State Teachers Retirement System Invests $1.41 Million in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

New York State Teachers Retirement System acquired a new stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,400 shares of the aerospace company's stock, valued at approximately $1,407,000.

A number of other large investors have also recently added to or reduced their stakes in KTOS. Aspect Partners LLC boosted its stake in shares of Kratos Defense & Security Solutions by 1,900.0% during the 1st quarter. Aspect Partners LLC now owns 1,000 shares of the aerospace company's stock worth $30,000 after purchasing an additional 950 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Kratos Defense & Security Solutions by 202.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,046 shares of the aerospace company's stock worth $31,000 after purchasing an additional 700 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after purchasing an additional 610 shares during the last quarter. MRP Capital Investments LLC boosted its stake in shares of Kratos Defense & Security Solutions by 28.6% during the 4th 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 last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Kratos Defense & Security Solutions by 653.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,660 shares of the aerospace company's stock worth $70,000 after purchasing an additional 2,307 shares during the last quarter. 75.92% of the stock is owned by institutional investors and hedge funds.

Kratos Defense & Security Solutions Trading Up 11.8%

NASDAQ KTOS traded up $5.44 during mid-day trading on Friday, hitting $51.71. The company's stock had a trading volume of 9,407,189 shares, compared to its average volume of 2,092,542. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $52.57. The stock's fifty day simple moving average is $39.81 and its two-hundred day simple moving average is $33.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.84 and a quick ratio of 2.26. The firm has a market capitalization of $7.93 billion, a P/E ratio of 397.80 and a beta of 1.06.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the firm posted $0.11 earnings per share. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other Kratos Defense & Security Solutions news, insider Stacey G. Rock sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $45.43, for a total value of $181,720.00. Following the completion of the sale, the insider owned 46,243 shares of the company's stock, valued at $2,100,819.49. This trade represents a 7.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $46.06, for a total transaction of $322,420.00. Following the completion of the sale, the insider directly owned 360,475 shares of the company's stock, valued at $16,603,478.50. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,572 shares of company stock valued at $5,373,706 over the last three months. Company insiders own 2.37% of the company's stock.

Analyst Upgrades and Downgrades

KTOS has been the topic of several recent analyst reports. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Truist Financial increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Monday, June 30th. Finally, Cantor Fitzgerald initiated coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday, July 8th. They set an "overweight" rating and a $60.00 price objective on the stock. One equities 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.25.

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.