Nuveen Asset Management LLC Sells 177,109 Shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Nuveen Asset Management LLC reduced its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,317,270 shares of the aerospace company's stock after selling 177,109 shares during the quarter. Nuveen Asset Management LLC owned about 0.87% of Kratos Defense & Security Solutions worth $34,750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position 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 acquiring an additional 610 shares in the last quarter. Hemington Wealth Management lifted its stake in Kratos Defense & Security Solutions by 86.6% during the fourth quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after purchasing an additional 631 shares during the last quarter. Capital Advisors Ltd. LLC acquired a new stake in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $53,000. SBI Securities Co. Ltd. bought a new position in shares of Kratos Defense & Security Solutions in the 4th quarter valued at $55,000. Finally, MRP Capital Investments LLC raised its holdings 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 buying an additional 500 shares in the last quarter. 75.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kratos Defense & Security Solutions

In related news, Director Bradley L. Boyd sold 3,800 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $34.88, for a total value of $132,544.00. Following the transaction, the director now owns 9,480 shares in the company, valued at $330,662.40. The trade was a 28.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Marie Mendoza sold 2,031 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. This trade represents a 2.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,617 shares of company stock valued at $4,658,171. 2.37% of the stock is currently owned by company insiders.

Kratos Defense & Security Solutions Trading Up 2.3%

Shares of NASDAQ:KTOS traded up $0.81 during mid-day trading on Monday, reaching $36.01. 2,388,881 shares of the company's stock were exchanged, compared to its average volume of 1,672,410. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.61 and a current ratio of 3.22. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $36.85. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 360.14 and a beta of 1.03. The business's fifty day moving average price is $32.85 and its 200-day moving average price is $30.11.

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 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The business's quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on KTOS shares. Royal Bank of Canada raised their price objective on Kratos Defense & Security Solutions from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday. Benchmark increased their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Finally, Truist Financial increased their price target on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

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.