ProShare Advisors LLC Grows Stock Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

ProShare Advisors LLC grew its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,256 shares of the aerospace company's stock after buying an additional 13,547 shares during the quarter. ProShare Advisors LLC's holdings in Kratos Defense & Security Solutions were worth $1,115,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Kratos Defense & Security Solutions by 90.5% in the fourth 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 in the last quarter. Hemington Wealth Management grew its stake in Kratos Defense & Security Solutions by 86.6% in 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 in the last quarter. Capital Advisors Ltd. LLC bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth approximately $53,000. SBI Securities Co. Ltd. bought a new position in Kratos Defense & Security Solutions in the fourth quarter worth approximately $55,000. Finally, MRP Capital Investments LLC grew its stake in Kratos Defense & Security Solutions by 28.6% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 75.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on KTOS shares. JPMorgan Chase & Co. increased their price objective on 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. Benchmark increased their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JMP Securities restated an "outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday, February 4th. Finally, Truist Financial increased their target price on Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Kratos Defense & Security Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $36.75.

Kratos Defense & Security Solutions Stock Up 5.5%

Shares of Kratos Defense & Security Solutions stock traded up $1.99 during trading on Tuesday, reaching $38.00. The company's stock had a trading volume of 2,171,322 shares, compared to its average volume of 1,674,784. 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 company has a market cap of $5.83 billion, a price-to-earnings ratio of 380.34 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a 1-year low of $17.91 and a 1-year high of $39.13. The company has a 50-day simple moving average of $32.92 and a two-hundred day simple moving average of $30.18.

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. The firm had revenue of $302.60 million during the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, equities analysts forecast that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Phillip D. Carrai sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $26.33, for a total value of $526,600.00. Following the completion of the transaction, the insider now owns 263,283 shares in the company, valued at $6,932,241.39. This trade represents a 7.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bobbi Doorenbos sold 5,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $175,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 145,617 shares of company stock worth $4,658,171 in the last 90 days. Insiders own 2.37% of the company's stock.

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.