Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 291,398 shares of the aerospace company's stock after acquiring an additional 6,557 shares during the period. Peregrine Capital Management LLC owned 0.19% of Kratos Defense & Security Solutions worth $8,652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KTOS. Sanctuary Advisors LLC bought a new stake in Kratos Defense & Security Solutions in the fourth quarter worth $573,000. Atria Wealth Solutions Inc. purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $233,000. Proficio Capital Partners LLC purchased a new position in shares of Kratos Defense & Security Solutions during the 4th quarter worth about $1,156,000. US Bancorp DE grew its holdings in Kratos Defense & Security Solutions by 19.5% during the 4th quarter. US Bancorp DE now owns 21,169 shares of the aerospace company's stock valued at $558,000 after purchasing an additional 3,452 shares during the last quarter. Finally, West Michigan Advisors LLC purchased a new stake in Kratos Defense & Security Solutions in the 4th quarter worth about $272,000. Hedge funds and other institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Down 7.3%

Kratos Defense & Security Solutions stock traded down $3.38 during mid-day trading on Tuesday, reaching $43.07. 5,953,885 shares of the company were exchanged, compared to its average volume of 1,985,779. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $47.25. The business has a fifty day moving average of $37.95 and a 200 day moving average of $32.75. The firm has a market cap of $6.61 billion, a P/E ratio of 331.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.84.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share 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 during the quarter, compared to analysts' expectations of $292.25 million. During the same quarter last year, the firm earned $0.11 EPS. The business's quarterly revenue was up 9.2% on a year-over-year basis. Research analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial boosted their target price on Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank Of Canada upped their price objective 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. JPMorgan Chase & Co. increased their target price on Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Monday. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Benchmark raised their price target on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.55.

Insider Buying and Selling at Kratos Defense & Security Solutions

In other Kratos Defense & Security Solutions news, insider Phillip D. Carrai sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $32.99, for a total transaction of $197,940.00. Following the completion of the transaction, the insider directly owned 288,048 shares of the company's stock, valued at approximately $9,502,703.52. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven S. Fendley sold 15,000 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $34.37, for a total transaction of $515,550.00. Following the completion of the sale, the insider owned 384,492 shares in the company, valued at $13,214,990.04. The trade was a 3.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,572 shares of company stock worth $4,869,566 in the last three months. 2.37% of the stock is owned by company insiders.

Kratos Defense & Security Solutions 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.