UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS - Free Report) by 30.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 352,349 shares of the aerospace company's stock after acquiring an additional 81,298 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Kratos Defense & Security Solutions worth $9,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in Kratos Defense & Security Solutions by 90.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,284 shares of the aerospace company's stock worth $34,000 after acquiring an additional 610 shares during the period. Hemington Wealth Management lifted its position in Kratos Defense & Security Solutions by 86.6% during the 4th quarter. Hemington Wealth Management now owns 1,360 shares of the aerospace company's stock worth $35,000 after acquiring an additional 631 shares during the period. Capital Advisors Ltd. LLC acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $53,000. SBI Securities Co. Ltd. acquired a new stake in Kratos Defense & Security Solutions during the 4th quarter worth about $55,000. Finally, MRP Capital Investments LLC lifted its position in Kratos Defense & Security Solutions by 28.6% during the 4th quarter. MRP Capital Investments LLC now owns 2,250 shares of the aerospace company's stock worth $59,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 75.92% of the company's stock.

Insider Activity

In other Kratos Defense & Security Solutions news, insider Steven S. Fendley sold 7,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $29.45, for a total transaction of $206,150.00. Following the sale, the insider now directly owns 404,133 shares in the company, valued at $11,901,716.85. This represents a 1.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas E. Iv Mills sold 5,786 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $33.11, for a total transaction of $191,574.46. Following the sale, the insider now owns 15,332 shares in the company, valued at approximately $507,642.52. This trade represents a 27.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,617 shares of company stock valued at $5,125,861. Company insiders own 2.37% of the company's stock.

Kratos Defense & Security Solutions Price Performance

KTOS traded up $1.15 on Monday, reaching $38.04. 2,804,834 shares of the company's stock were exchanged, compared to its average volume of 1,696,643. The stock has a market cap of $5.84 billion, a PE ratio of 380.44 and a beta of 1.03. Kratos Defense & Security Solutions, Inc. has a twelve month low of $17.91 and a twelve month high of $39.16. The stock's fifty day moving average price is $33.34 and its 200-day moving average price is $30.47. 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 posted its quarterly earnings results on Wednesday, May 7th. The aerospace company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $302.60 million for the quarter, compared to analyst estimates of $292.25 million. Kratos Defense & Security Solutions had a net margin of 1.31% and a return on equity of 3.68%. Kratos Defense & Security Solutions's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. Sell-side analysts expect that Kratos Defense & Security Solutions, Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KTOS shares. Truist Financial raised their target price on shares of Kratos Defense & Security Solutions from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada lifted their target price on shares of 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 shares of Kratos Defense & Security Solutions from $27.00 to $33.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen lowered shares of Kratos Defense & Security Solutions from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Benchmark lifted their target price on shares of Kratos Defense & Security Solutions from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.75.

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.