Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,733 shares of the aerospace company's stock after selling 14,382 shares during the period. Public Employees Retirement System of Ohio's holdings in Kratos Defense & Security Solutions were worth $1,892,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC bought a new stake in shares of Kratos Defense & Security Solutions in the fourth quarter worth $461,000. Stifel Financial Corp boosted its stake in shares of Kratos Defense & Security Solutions by 17.5% in 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. Robertson Stephens Wealth Management LLC raised its position in Kratos Defense & Security Solutions by 121.3% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 30,371 shares of the aerospace company's stock valued at $801,000 after purchasing an additional 16,650 shares in the last quarter. BXM Wealth LLC bought a new position in Kratos Defense & Security Solutions in the 4th quarter valued at approximately $388,000. Finally, Moran Wealth Management LLC acquired a new position in shares of Kratos Defense & Security Solutions in the fourth quarter valued at approximately $447,000. 75.92% of the stock is currently owned by institutional investors.

Kratos Defense & Security Solutions Price Performance

Shares of NASDAQ KTOS traded up $1.05 during mid-day trading on Tuesday, reaching $39.09. The company's stock had a trading volume of 2,714,224 shares, compared to its average volume of 1,700,824. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.22 and a quick ratio of 2.61. Kratos Defense & Security Solutions, Inc. has a 52 week low of $17.91 and a 52 week high of $39.91. The stock has a fifty day moving average of $33.47 and a two-hundred day moving average of $30.56. The firm has a market capitalization of $6.00 billion, a PE ratio of 390.94 and a beta of 1.03.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to the consensus estimate of $292.25 million. Kratos Defense & Security Solutions had a return on equity of 3.68% and a net margin of 1.31%. The company's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. As a group, sell-side analysts anticipate that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on KTOS shares. Wall Street Zen cut shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Royal Bank of Canada upped their target price 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. lifted their target price on Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Truist Financial lifted their price target on shares of 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. Finally, Benchmark boosted their price objective on Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.75.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 10,000 shares of Kratos Defense & Security Solutions stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $36.74, for a total transaction of $367,400.00. Following the completion of the sale, the insider now owns 367,502 shares of the company's stock, valued at approximately $13,502,023.48. The trade was a 2.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Marie Mendoza sold 2,031 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $31.36, for a total transaction of $63,692.16. Following the completion of the transaction, the senior vice president now 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. Insiders sold a total of 156,617 shares of company stock worth $5,125,861 over the last 90 days. Company 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.