Rhumbline Advisers Increases Stock Holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Rhumbline Advisers increased its holdings in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 63.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,665 shares of the aerospace company's stock after acquiring an additional 139,725 shares during the period. Rhumbline Advisers owned about 0.24% of Kratos Defense & Security Solutions worth $10,708,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Kratos Defense & Security Solutions by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock valued at $388,301,000 after purchasing an additional 701,216 shares during the period. FMR LLC increased its holdings in shares of Kratos Defense & Security Solutions by 7.6% in the 4th quarter. FMR LLC now owns 4,340,795 shares of the aerospace company's stock worth $114,510,000 after buying an additional 307,907 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Kratos Defense & Security Solutions by 6.9% during the 4th quarter. Ameriprise Financial Inc. now owns 3,130,109 shares of the aerospace company's stock valued at $82,576,000 after purchasing an additional 203,245 shares during the last quarter. Franklin Resources Inc. boosted its stake in Kratos Defense & Security Solutions by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,116,164 shares of the aerospace company's stock worth $82,204,000 after buying an additional 317,305 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Kratos Defense & Security Solutions by 9.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,079,022 shares of the aerospace company's stock worth $54,845,000 after acquiring an additional 172,030 shares during the last quarter. Institutional investors own 75.92% of the company's stock.

Insider Activity

In other news, SVP Marie Mendoza sold 2,031 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $31.36, for a total value of $63,692.16. Following the completion of the transaction, the senior vice president now directly owns 69,288 shares of the company's stock, valued at approximately $2,172,871.68. The trade was a 2.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas E. Iv Mills sold 5,786 shares of Kratos Defense & Security Solutions stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $33.11, for a total value of $191,574.46. Following the completion of the transaction, the insider now owns 15,332 shares in the company, valued at $507,642.52. This trade represents a 27.40% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,184 shares of company stock worth $5,149,125. Corporate insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Stock Up 1.3%

Shares of KTOS stock traded up $0.52 during mid-day trading on Friday, hitting $41.76. The stock had a trading volume of 2,783,053 shares, compared to its average volume of 1,764,434. Kratos Defense & Security Solutions, Inc. has a 12-month low of $17.91 and a 12-month high of $43.34. The firm has a market capitalization of $6.41 billion, a P/E ratio of 417.64 and a beta of 0.99. The firm's 50-day moving average is $35.13 and its two-hundred day moving average is $31.30. 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 (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $302.60 million during the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm's quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KTOS shares. Benchmark boosted their target price on 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. Wall Street Zen cut Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Royal Bank of Canada boosted their price target 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. JPMorgan Chase & Co. increased their price objective 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 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $36.75.

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.