84,688 Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue purchased a new stake in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 84,688 shares of the aerospace company's stock, valued at approximately $2,514,000. State of Alaska Department of Revenue owned about 0.06% of Kratos Defense & Security Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of KTOS. Robertson Stephens Wealth Management LLC lifted its position in shares of Kratos Defense & Security Solutions by 27.4% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 38,690 shares of the aerospace company's stock valued at $1,149,000 after acquiring an additional 8,319 shares during the period. Bouvel Investment Partners LLC increased its stake in Kratos Defense & Security Solutions by 2.3% in the first quarter. Bouvel Investment Partners LLC now owns 88,616 shares of the aerospace company's stock valued at $2,631,000 after purchasing an additional 2,007 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at $594,000. Salem Investment Counselors Inc. increased its stake in Kratos Defense & Security Solutions by 5.6% in the first quarter. Salem Investment Counselors Inc. now owns 8,975 shares of the aerospace company's stock valued at $266,000 after purchasing an additional 475 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new stake in Kratos Defense & Security Solutions in the first quarter valued at $1,328,000. Institutional investors own 75.92% of the company's stock.

Analyst Ratings Changes

KTOS has been the subject of several research analyst reports. 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. Wall Street Zen downgraded shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Stifel Nicolaus assumed coverage on shares of Kratos Defense & Security Solutions in a report on Tuesday. They set a "buy" rating and a $52.00 price objective for the company. Benchmark lifted their price objective on shares of Kratos Defense & Security Solutions from $40.00 to $48.00 and gave the company a "buy" rating in a report on Monday. Finally, Noble Financial lifted their price objective on shares of Kratos Defense & Security Solutions from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday, June 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

Kratos Defense & Security Solutions Stock Down 6.6%

Kratos Defense & Security Solutions stock traded down $2.86 during midday trading on Tuesday, hitting $40.77. 4,895,567 shares of the stock were exchanged, compared to its average volume of 1,824,790. Kratos Defense & Security Solutions, Inc. has a 52-week low of $17.91 and a 52-week high of $46.52. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 313.64 and a beta of 0.99. The business's 50-day moving average price is $36.84 and its 200-day moving average price is $32.16. The company has a quick ratio of 2.26, a current ratio of 2.84 and a debt-to-equity ratio of 0.17.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Deanna H. Lund sold 6,000 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $29.28, for a total transaction of $175,680.00. Following the sale, the chief financial officer now directly owns 331,271 shares in the company, valued at approximately $9,699,614.88. This represents a 1.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Marie Mendoza sold 2,419 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $41.87, for a total transaction of $101,283.53. Following the sale, the senior vice president now owns 67,488 shares in the company, valued at $2,825,722.56. The trade was a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 151,572 shares of company stock valued at $5,251,396. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Company 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.