Teachers Retirement System of The State of Kentucky Purchases New Shares in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

Teachers Retirement System of The State of Kentucky bought a new position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 44,300 shares of the aerospace company's stock, valued at approximately $1,315,000.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Kratos Defense & Security Solutions during the 4th quarter valued at about $28,944,000. Principal Financial Group Inc. raised its holdings in shares of Kratos Defense & Security Solutions by 9,709.0% in the 1st quarter. Principal Financial Group Inc. now owns 997,578 shares of the aerospace company's stock valued at $29,618,000 after purchasing an additional 987,408 shares in the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Kratos Defense & Security Solutions by 140.5% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,599,740 shares of the aerospace company's stock worth $42,201,000 after acquiring an additional 934,455 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Kratos Defense & Security Solutions by 435.3% during the 4th quarter. Voya Investment Management LLC now owns 943,638 shares of the aerospace company's stock worth $24,893,000 after acquiring an additional 767,345 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Kratos Defense & Security Solutions by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 14,719,508 shares of the aerospace company's stock worth $388,301,000 after acquiring an additional 701,216 shares in the last quarter. Institutional investors own 75.92% of the company's stock.

Kratos Defense & Security Solutions Stock Performance

Kratos Defense & Security Solutions stock traded up $1.11 during mid-day trading on Friday, reaching $59.77. The company's stock had a trading volume of 2,454,880 shares, compared to its average volume of 5,779,339. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $61.43. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 459.80 and a beta of 1.06. The company has a current ratio of 2.84, a quick ratio of 2.26 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $43.71 and a 200-day moving average price of $35.59.

Kratos Defense & Security Solutions (NASDAQ:KTOS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $302.60 million for the quarter, compared to analysts' expectations of $292.25 million. During the same period in the previous year, the business earned $0.11 earnings per share. Kratos Defense & Security Solutions's revenue for the quarter was up 9.2% compared to the same quarter last year. Sell-side analysts predict that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $34.37, for a total transaction of $515,550.00. Following the transaction, the insider owned 384,492 shares in the company, valued at approximately $13,214,990.04. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric M. Demarco acquired 7,455 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $33.59 per share, for a total transaction of $250,413.45. Following the acquisition, the chief executive officer directly owned 1,396,237 shares in the company, valued at $46,899,600.83. This represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 151,572 shares of company stock valued at $5,586,226 in the last ninety days. 2.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on KTOS shares. JMP Securities set a $70.00 price target on shares of Kratos Defense & Security Solutions and gave the company a "market outperform" rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on shares of Kratos Defense & Security Solutions from $38.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. The Goldman Sachs Group raised shares of Kratos Defense & Security Solutions from a "neutral" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Monday, June 30th. Citigroup reaffirmed a "market outperform" rating on shares of Kratos Defense & Security Solutions in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kratos Defense & Security Solutions from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.08.

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.