Stephens Investment Management Group LLC Has $114.62 Million Stake in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Stephens Investment Management Group LLC cut its holdings in shares of Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,860,439 shares of the aerospace company's stock after selling 395,950 shares during the quarter. Kratos Defense & Security Solutions makes up 1.7% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 4th largest holding. Stephens Investment Management Group LLC owned 2.52% of Kratos Defense & Security Solutions worth $114,616,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Stephens Inc. AR increased its holdings in Kratos Defense & Security Solutions by 8.5% during the first quarter. Stephens Inc. AR now owns 29,779 shares of the aerospace company's stock worth $884,000 after buying an additional 2,328 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Kratos Defense & Security Solutions by 17.1% during the first quarter. New York State Common Retirement Fund now owns 322,022 shares of the aerospace company's stock worth $9,561,000 after buying an additional 47,010 shares during the last quarter. Mutual of America Capital Management LLC purchased a new stake in Kratos Defense & Security Solutions during the first quarter worth about $661,000. Xponance Inc. increased its holdings in Kratos Defense & Security Solutions by 7.1% during the first quarter. Xponance Inc. now owns 11,269 shares of the aerospace company's stock worth $335,000 after buying an additional 748 shares during the last quarter. Finally, LBP AM SA increased its holdings in Kratos Defense & Security Solutions by 51.1% during the first quarter. LBP AM SA now owns 280,412 shares of the aerospace company's stock worth $8,325,000 after buying an additional 94,866 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Eric M. Demarco bought 7,455 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $33.59 per share, for a total transaction of $250,413.45. Following the completion of the transaction, the chief executive officer directly owned 1,396,237 shares in the company, valued at $46,899,600.83. This trade represents a 0.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven S. Fendley sold 15,000 shares of Kratos Defense & Security Solutions stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $34.37, for a total transaction of $515,550.00. Following the sale, the insider owned 384,492 shares of the company's stock, valued at approximately $13,214,990.04. The trade was a 3.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,572 shares of company stock valued at $5,373,706 in the last three months. Insiders own 2.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KTOS. The Goldman Sachs Group upgraded shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective for the company in a report on Monday, June 30th. JPMorgan Chase & Co. raised their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Monday, June 30th. 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. Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Truist Financial lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $52.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Kratos Defense & Security Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $46.25.

Kratos Defense & Security Solutions Price Performance

KTOS stock opened at $51.71 on Friday. The firm has a 50 day moving average of $39.81 and a 200-day moving average of $33.81. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. Kratos Defense & Security Solutions, Inc. has a 12 month low of $17.91 and a 12 month high of $52.57. The firm has a market capitalization of $7.93 billion, a P/E ratio of 397.80 and a beta of 1.06.

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 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Kratos Defense & Security Solutions had a net margin of 1.68% and a return on equity of 3.85%. The company had revenue of $302.60 million during the quarter, compared to analyst estimates of $292.25 million. During the same period last year, the business earned $0.11 earnings per share. Kratos Defense & Security Solutions's revenue was up 9.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 earnings per share for the current fiscal year.

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.

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